Liberalism: Do You Agree We've Had Enough of It? Message Board

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Politics : Liberalism: Do You Agree We've Had Enough of It?

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To: kathtoo who wrote (60124)	2/25/2009 10:56:19 PM
From: lorne	1 Recommendation Read Replies (1) of 224708

kathtoo..."what kinds of assets were they burned on? Derivatives of loans of some type? Asset Backed Commercial Paper".... Don't know but this is from posted article>>> Who know at this point but possibly caught up somewhat in US subprime mess as were some banks in Europe. ...."About $22 billion of last year's fall are paper losses that could regain value once the markets recover. The rest comes from losses realized on the sale of investments and a $8.9 billion from hedging its foreign real estate and equity holdings."...

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