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Re: SAGA post# 752

Wednesday, 09/17/2008 2:08:10 PM

Wednesday, September 17, 2008 2:08:10 PM

Post# of 10366
It will if they can unwind that $644B in assets they are said to have without too much more damage. The bidding for Nuberger-Berman etc is said to be brisk. If they can get $5B out of that and not $3B then thats a decent start. Their MBS
portfolio is problematic and no one knows from the court filings if the assets have been discounted enough. They could
end up discounting enough to eat up all the equity leaving no
value behind. The pps would seem to reflect this possibility.

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