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Wall St. Banks Confront a String of Write-Downs - NYT

by ravi

In recent weeks one part of the debt market after another has buckled. High-risk loans used to finance corporate buyouts have plummeted in value. Securities backed by commercial real estate mortgages and student loans have fallen sharply. Even auction-rate securities, arcane investments usually considered as safe as cash, have stumbled.

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Wall St. Banks Confront a String of Write-Downs - NYT

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