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Strategies & Market Trends : Value Investing
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To: Wowzer who wrote (45043)10/19/2011 2:36:02 PM
From: BWAC   of 78705
 
<banks now believe that they over reserved for these loans and or the actual losses from these loans is not as bad as originally expected.>

Well that is the correct explanation.

But I call bs on the over reserved part. It speaks of bankster desperation to mark the assets to fantasy.
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