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September 6, 2008 1:51:12 AM CDT


Stories related to: write down

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3 Stories

  • March 2008
    • Wall Street Faults Rules on Writedowns

      Wall Street Faults Rules on Writedowns

      (Newser) - After months of staggering writedowns battering Wall Street, some investors and executives are charging that accounting rules are exaggerating losses and triggering slumps like yesterday’s 315-point plunge in the Dow, reports the Wall Street Journal . Rules requiring companies to value holdings at current market rates, no matter how volatile, have a domino effect, they say: "The market falls, forcing banks to take write-offs, pushing the market lower, causing more write-offs," the Journal writes. More »

      Tags

      Federal Reserve   Wall Street   subprime crisis   investors   UBS   AIG   write down

  • January 2008
  • October 2007

3 Stories

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