Monday, July 7, 2008

$1.6 trillion is largest writedown loss estimate yet

U.S. study estimated losses of financial institutions at $1.6 trillion dollars

This German-language article is based on the analysis by Bridgewater Associaes, a very well-resected hedge fund in the US. Translation is available at the blog Credit Writedowns (original article is in German) http://www.creditwritedowns.com/2008/07/16-trillion-new-esimate-on-writedowns.html Obviously Bridgewater thins systemic risks from this magnitude of expected losses is large. Yet another reason the markets have been falling.

Posted by edwardnh @ 01:06 PM (1338 views)
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