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Strategies & Market Trends : Value Investing

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To: Spekulatius who wrote (28776)	11/2/2007 1:35:08 AM
From: Paul Senior	Read Replies (1) of 78741

Not sure what I'll do with my stub WF position. finance.yahoo.com Company announced exposure and loss with USA CDO and subprime loans. According to the WSJ, "Woori Bank was among major clients of Merrill Lynch & Co., which had aggressively expanded in the CDO business." The size of today's announcement MAY indicate that WF's writedowns of these USA entities might be complete. Aside: Of course I don't know what's involved with all the MER and WF deals, but my guess is if these Koreans are smart and/or disgusted with their being suckered into making these CDO bets, in future, they won't be so quick to be dealing with Merrill Lynch salesmen.

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