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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: kathtoo who wrote (60124)	2/25/2009 10:56:19 PM
From: lorne	1 Recommendation Read Replies (1) \| Respond to of 224707

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."...