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Imagine what will happen to UBS stock a year from now when they will still be making additional writedowns!
Apr 02 17:30 pm
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All Comments by NoFate »Stocks Rally on Financial Writedowns: Overly Optimistic? [View article]
It will probably take another 2 years for housing prices to bottom ...at which point they will finally be able to "mark to market" all their mortgage backed securities ...and take their final writedowns (if they are not off-balance sheet on SIVs)!