Sunday, November 18, 2007

No More Credit Suisse Writedowns!?

Credit Suisse claims they won't have any more writedowns ahead of them:

From Dow Jones (2007-11-14): Credit Suisse's Calello: Our Markdowns Are Accurate

Let's see if the market believes that.

Unlike UBS and DB they did not "disclose" their exposure. Well, they say now, they are short on CDOs.

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