11/23/07
Filed under:
General,
Business,
Mortgages
Posted by:
Lillian Wong @ 1:57 pm
CHARLOTTE, N.C. - So far, at least six companies have said they expect mortgage-related write-downs in the fourth quarter, totaling nearly $23 billion - including a write-down of up to $6 billion at Morgan Stanley. More announcements are expected, since more than a dozen companies who had third-quarter write-downs have yet to say if they’ll post additional markdowns in the year-ending period. More…
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