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 765 October 24, 2007 03:40AM

le sigh. nt

Isildur 489 October 24, 2007 04:11AM

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

ExPaladin 443 October 24, 2007 06:31AM

They just revalued capital assets is all

Rade 463 October 24, 2007 04:01PM

Well that's the issue.

Death_Claw 427 October 24, 2007 05:33PM



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