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Morgan Stanley Confirms $3.7 Billion Writedown Tied to Subprime Exposure
Nov 07, 2007Morgan Stanley said today that revenues in September and October were hit by $3.7 billion in writedowns tied to continued decline in the fair value of the company’s subprime-related assets. The confirmation comes on the heels of a WSJ report yesterday that had projected $3.0 to $6.0 billion in fourth quarter write-downs for the Wall Street giant.
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MBA: Proposed Cramdown Legislation Could Add Two Points to Mortgage Rates
Oct 31, 2007 -
More than Subprime Resets: The Real Meaning of Two Waves
Oct 24, 2007 -
WaMu, E*Trade Feel Mortgage Market Sting; Whiff on Earnings
Oct 18, 2007 -
Paulson: Housing a ‘Significant Risk’ to Economy
Oct 16, 2007 -
September Foreclosure Filings Double From 2006; Volume Remains High
Oct 11, 2007 -
Job Cuts Fall 29 Percent Vs. Year Ago, In Spite of Growing Mortgage Drag
Oct 03, 2007 -
Citigroup Warns of 60 Percent Drop in Third Quarter Earnings
Oct 01, 2007 -
Credit Suisse Trims 150 Jobs in MBS Unit
Sep 26, 2007 -
H&R Block Taps $250 Million of Available Credit, Citing Problems in Commercial Paper
Sep 25, 2007 -
Mortgage Crunch Isn’t Just a U.S. Problem
Sep 24, 2007 -
Unknown Number of First Franklin Jobs Cut
Sep 14, 2007
