[lbo-talk] charge-offs

Doug Henwood dhenwood at panix.com
Tue Jan 17 14:20:29 PST 2012


On Jan 17, 2012, at 5:12 PM, shag carpet bomb wrote:


> i'd be curious how much of that is a partial walking away. it's probably a drop in the bucket...but this burns my ass. is this number counting banks and the numbers they are "charging off" by selling debt to a collection agency that buys it for pennies on the dollar.

It's net of collections. They've given up.



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