Banking, finance, and taxes
S&P Sees CDO And Subprime Losses As High As $265 Billion
Published:
Losses from securities linked to subprime mortgages may exceed $265 billion as regional U.S. banks, credit unions and overseas financial institutions write down the value of their holdings, according to Standard & Poor’s writes Bloomberg.
The first and second quarters could be worse than most on Wall St. imagine.
Douglas A. McIntyre
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