Subprime Loss Causes Writedown of 380 Billion Dollars of Assets
If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!
The writedown of assets by financial companies is truly staggering. A report out of Bloomberg Financials says that the write down of assets by Wall Street over the past year is 380 billion.
To put the number into terms we could deal with, that is saying that 1,900,000 homes with a value of $200,000 dollars could have had their value complete liquidated.
Scary.
The collapse of the subprime market that began last year caused at least $380 billion of asset writedowns and credit losses at companies including Citigroup Inc. and Washington Mutual Inc. Fallout from bad mortgages has toppled at least half a dozen hedge funds and the chief executive officers at Citigroup Inc., Merrill Lynch & Co. and UBS AG. via Bloomberg.com
My mom told me to put the statue in the ground, just seems wrong to me but I did it. ...
What about RE/MAX Commercial? Where this classification came from?
I am pretty sure RE/MAX Commercial in volume sales must be above ...
Well Tom, once again you have said it much better than I could have. Unfortunately the folks at Move, ...
It certainly does not bode well for a fast recovery in the economic climate. This will affect all real estate ...
I HAVE 25 YEARS EXPERIENCE IN TELECOMMUNICATIONS..HOW DO I APPLY AT KAI. 
Definitely not a fan of Move Inc.!!! 
A lot of you really need to go back to kindergarten and learn to spell correctly. If you cannot spell ...
In 2008, there was an extension to push first-time home buyers to purchase their homes quickly since the program did ...
I also need HELP and don't know what to do about my problem. I have a garden apartment off ...
I have the same situation. I sold my home in July and am scheduled to to close in a few ...
