Financial Writedowns and losses Ytd

User Forum Topic
Submitted by HiggyBaby on October 19, 2008 - 9:13pm

Bloomberg Asia cable channe

Bank/Financial writedowns so far in 2008:

Wachovia $96.7 Billion

Citigroup $68.1 Billion

Merrill Lynch $58.1 Billion

WaMu $45.6 Billion

UBS $44.2 Billion

Wow!

A billion here a billion there.....

‹ do u understand the word coming out of my mouth (market crash)DJIA INDEX -447.00 In the Beginning was the word, and the word is GOLD! ›
July 22, 2007 "...Bernanke
Submitted by cr on October 20, 2008 - 12:27pm.

July 22, 2007

"...Bernanke said Tuesday that he expects losses in the range of $50 billion to $100 billion as a worst-case scenario."

http://www.signonsandiego.com/uniontrib/...

So did he intentionally lie, or was he uninformed?

I'm thinking Mr. Mortgage is
Submitted by jpinpb on October 23, 2008 - 6:54pm.

I'm thinking Mr. Mortgage is right and when all this is said and done, we are looking in the trillions.