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Writedowns News

Still Going…Writedowns Hit $120 Billion

Writedowns have been greater-than-expected from Swiss bank UBS, along with reports from some Japanese institutions. The total amount of subprime and CDO-related writedowns has increased to $120 billions, according to estimates.
In the Media by MadMoneyWannabe
 

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Greece implemented the biggest debt writedown in history on Monday, when it swapped the bulk of its privately-held bonds with new ones worth less than half their original value.

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