Banking, finance, and taxes
Goldman (GS) And Lehman (LEH) Could Have Q4 Write-Downs
Published:
Analysts are beginning to talk about how large the write-downs may be at financial institutions when earnings are reported for the next quarter.
"Everybody will have write-downs in the fourth quarter," Charles Peabody, partner at New York-based research firm Portales Partners LLC told Reuters. He believes that Goldman (GS) and Lehman (LEH) made not have hedged the mortgage exposure enough.
Douglas A. McIntyre
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