The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Jim McMannis who wrote (93741)	11/4/2007 7:56:56 PM
From: CalculatedRisk	Read Replies (3) of 306849

Citi: additional $8 billion to $11 billion in writedowns From WSJ: Charles Prince Resigns As Citi CEO, Chairman online.wsj.com "Meanwhile, Citigroup is poised to report billions of dollars in additional writedowns on mortgage-related securities, according to people familiar with the matter. Estimates of the writedowns ranged from $8 billion to $11 billion. That would far surpass the roughly $2.2 billion in mortgage-related writedowns and trading losses that Citigroup reported in its third-quarter earnings last month."

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