Wednesday, July 30, 2008
Some losses to make the Lloyds TSB writedown look like chicken feed
Global writedowns & credit losses
A breakdown of an estimated $341 billion of credit-related writedowns and losses recorded by major institutions since the credit crunch hit in the third quarter of 2007.
Posted by redgoody @ 07:30 PM (850 views)
2 thoughts on “Some losses to make the Lloyds TSB writedown look like chicken feed”
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Edwardnh says:
Bloomberg estimates the losses to actually be nearly $500 billion, much higher than Reuters’ incomplete analysis. See the Bloomberg posts here:
http://www.creditwritedowns.com/2008/05/credit-crisis-timeline.html#Escalating%20Losses
The last Bloomberg total is $474 Billion, with a breakdown in their story from June 18th. Bloomberg also has traced the capital raising by global financial institutions. See their rising tally here:
http://www.creditwritedowns.com/2008/05/credit-crisis-timeline.html#Capital
peter_2008 says:
I remember BoE said just a few weeks ago that global writedowns and losses were overestimated and would not top £200 billion. Anyone remember that?