[lbo-talk] counting to 200

[Doug Henwood]

So, the standard estimate is that there are about $200 billion in  
mortgage losses, mostly subprime, out there, but banks have only  
written off $20-25 billion of it. Well now we're getting almost $4  
billion closer to $200b.

Breaking News Bulletin: Morgan Stanley writing down $3.7 billion due  
to subprime exposure, says could get worse http://marketwatch.com/ 
r.asp?g=E0C3A289F4714F218AC208C691552F9D&d=bnb