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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: RockyBalboa who wrote (201239)5/8/2009 10:35:06 AM
From: RockyBalboaRead Replies (1) of 306849
 
COFs loss estimates are fudged. Particularly: the 9B capital from other sources need some explanation; the loan losses of their 127B book look small.

May 7 (Reuters) - Capital One Financial Corp (COF.N) is
adequately capitalized, according to the U.S. government's
stress test. A summary of the results under the government's most
adverse scenario is below. Estimated losses are for 2009 and
2010. (All figures are in billions unless otherwise specified)
Total estimated losses $13.4 Losses from first lien mortgages $1.8 Losses from second/junior lien mortgages $0.7 Losses from commercial and industrial loans $1.5 Losses from commercial real estate $1.1 Losses from credit card loans $3.6 Losses from securities marked as available-for-sale or held-to-maturity $0.4 Losses from trading and counterparty N/A Losses from other areas $4.3
Resources other than capital to absorb losses $9.0 Indicated additional net Tier 1 common/contingent common buffer No Need
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