[lbo-talk] counting to 200

joanna 123hop at comcast.net
Wed Nov 7 15:56:20 PST 2007


Doug Henwood wrote:


>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.
>
My understanding is that it's not the 200 billion that's the problem, but the mountain of leverage on top of that.

Correct? Not correct?

Joanna



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