The Epic American Credit and Bond Bubble Laboratory Message Board

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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: patron_anejo_por_favor who wrote (88791)	11/14/2007 8:23:09 PM
From: orkrious	Read Replies (3) of 110194

From Schwab's latest 10Q (9/30): Securities owned include securities available for sale, which are recorded at fair value based on quoted market prices, where available. Mortgage-backed securities are not exchange traded and are valued based on dealer quotes or discounted cash flow models with expected cash flow and yield assumption inputs. Long-term certificates of deposit are recorded at market value. Unrealized gains and losses are reported, net of taxes, in accumulated other comprehensive income (loss) included in stockholders’ equity. Realized gains and losses from sales of securities available for sale are determined on a specific identification basis and are included in other revenue. They had $8.0 bil in Securities owned As far as I can tell, there is no way to tell what the actual MBS balance is. They had $3.4 bil in equity. FIDO is privately owned. Has anyone somehow verified they haven't "invested" in any of this shit? My guess is it's time to move. Does anyone disagree?

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