Financial Writedowns and losses Ytd

[CAwireman]

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…..

[cr]

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/20070722/news_1b22bear.html

So did he intentionally lie, or was he uninformed?

[cr]

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/20070722/news_1b22bear.html

So did he intentionally lie, or was he uninformed?

[cr]

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/20070722/news_1b22bear.html

So did he intentionally lie, or was he uninformed?

[cr]

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/20070722/news_1b22bear.html

So did he intentionally lie, or was he uninformed?

[cr]

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/20070722/news_1b22bear.html

So did he intentionally lie, or was he uninformed?

[jpinpb]

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

[jpinpb]

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

[jpinpb]

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

[jpinpb]

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

[jpinpb]

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

[Author]

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