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yielddude

09/18/08 10:38 AM

#16286 RE: Donshub2 #16282

Donshub2 re:WB ...

I am following them loosely, but Meredith Whitney at Oppenheimer felt that they were one of the worst banks as far as marking their assets down to market value, therefore expecting continued negative surprises as the housing market continues to drop. Their takeover of a mortgage firm (Eagle ?)in 2006 occurred near the peak of the housing bubble, and theya re paying for it.
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