Well that's the issue.

October 24, 2007 05:33PM
They marked a security "to market" which has no consensus market value. In essence they set up a reserve. Whenever people set up a reserve you need to evaluate whether or not they're "over-estimating" to make their numbers look really good in the years following. In other words, they may have taken a calculated risk and figured it was better to take an excessive reserve now because stocks are bottomed anyway.
Subject Author Views Posted

Merrill hit hard.

Death_Claw 763 October 24, 2007 03:40AM

le sigh. nt

Isildur 486 October 24, 2007 04:11AM

I'll bet a a one time write off of something big

ExPaladin 442 October 24, 2007 06:31AM

They just revalued capital assets is all

Rade 460 October 24, 2007 04:01PM

Well that's the issue.

Death_Claw 424 October 24, 2007 05:33PM



Sorry, only registered users may post in this forum.

Click here to login

Online Users

Guests: 121
Record Number of Users: 5 November 04, 2022
Record Number of Guests: 358 August 31, 2022