Arthur5

Why Merrill's CDO Sale Doesn't Mean Big Writeoffs Elsewhere

Tom I appreciate your perspective and always listen carefully to your comment here and on television. Do you not think" less than optimal " is an understatement? More importantly, can you generalize on the level, on average, that the big banks have already marked their subprime assets/ 15% ? 30%?. Also do you think the Regionals are understating their construction ans development losses or no. I live in the Southeast( Atlanta) and there are frozen development everywhere?