Thursday, January 31, 2008

$ 146 Billion - And Counting.......

Nice graph from the NYT. Í think the real number is much higher. Allianz / Dresdner has announced write offs over $ 1.5 billion during the past few weeks and hasn´t made it to the list. On top of this IKB & Sachsen LB would each have topped Bear Sterns in the ranking ...But with all the news hitting the wires on every hour it is almost impossible to catch every buck.

Die reale Nummer an Abschreibungen liegt sicher deutlich höher. Man bedenke nur das alleine die Allianz dank der Dresdner Bank Abschreibungen von einer knappen Mrd € avisiert hat und es nicht auf diese Liste geschafft hat. Man betrachte nur die besonders aus deutscher Sicht unsäglichen Vorfälle der IKB & Sachsen LB, die jeder für sich ausgereicht hätten um den Sprung vor z.B. Bear Stearns zu schaffen......Bei den ganzen Einschlägen die fast stündlich irgendwo vermeldet werden ist es aber auch unmöglich alle $ miteinzubeziehen.

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Blogger jmf said...

Merrill Lynch to Reimburse Massachusetts City for CDO Purchase

Merrill Lynch & Co. agreed to pay Springfield, Massachusetts, $13.9 million to settle a dispute over collateralized debt obligations it sold the city that plunged in value.

The money will reimburse Springfield for the cost of the so-called CDOs, securities tied to loans, mortgages and other debts that have been battered as more U.S. homeowners failed to make mortgage payments.

12:00 AM  
Blogger jmf said...

Subprime losses batter Japan’s banks

Japan’s three biggest banks have lost a total of Y499bn ($4.7bn) as a result of exposure to US subprime mortgage products and other structured securities.

12:58 AM  
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10:44 PM  

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