RSS Feed by Calculated Risk on 1/21/2008 10:26:00 AM
Monday, January 21, 2008
Bank of China May Report U.S. Mortgage Write-Downs
From the WSJ: Bank of China May Report Subprime-Related Write-Down
Analysts estimate that state-owned Bank of China ... may have to write off a fourth of the nearly $8 billion it holds in securities backed by U.S. subprime mortgages ...More containment.
It looks like the stock market are in for more fun too: U.S. stock futures point to major decline on re-open
