Bank Write Down
Deutsche Bank AG, Germany's biggest bank, will write down 2.5 billion euros ($3.9 billion).
Bank of America Corp., the nation's second biggest bank, said it will take a $3 billion debt-related write down.
Bank of Montreal, the large Canadian bank, said Tuesday that it would write down about 325 million Canadian dollars.
UBS, the largest Swiss bank, said Tuesday that it would write down another
$19 billion related to the American real estate market .
These are just some of the headlines of the 1,410,000 on google when you type in "What are bank write downs?" Going to answers.com and ask the same question and get "Be the first to answer this."What is the mystery? Maybe you can be the first to answer here?
Fox news was talking about bank write downs of course there is no real definition. Here is my shot at it banks take write write downs/their loss/your pay, anytime they feel they aren't getting what they want. It is interesting to note banks get to write off the losses they say we create from bad mortgages created by banks but, do we get to write off the losses the banks take from us? I would like to not pay taxes because it is a loss for me, pay interest on my mortgage because it is nearly three times what my house is worth.
Every bank in America would crash if everyone took out their money. Yes this is what happened in the great depression so laws were made to protect the banks banks. American middle class and poor need to rise up and take back this country from the banker and our corrupt politicians.
We live in a false economy propped up by goverment and wall street lies. Nafta gave corps. the ease to take jobs away from Americans for huge profits. The US supports the greatest terrorist group ever with possible connections to Oklahoma bombing and 911, I am not speaking of Al-Qaeda but of Jewish terrorism.
Bank of America Corp., the nation's second biggest bank, said it will take a $3 billion debt-related write down.
Bank of Montreal, the large Canadian bank, said Tuesday that it would write down about 325 million Canadian dollars.
UBS, the largest Swiss bank, said Tuesday that it would write down another
$19 billion related to the American real estate market .
These are just some of the headlines of the 1,410,000 on google when you type in "What are bank write downs?" Going to answers.com and ask the same question and get "Be the first to answer this."What is the mystery? Maybe you can be the first to answer here?
Fox news was talking about bank write downs of course there is no real definition. Here is my shot at it banks take write write downs/their loss/your pay, anytime they feel they aren't getting what they want. It is interesting to note banks get to write off the losses they say we create from bad mortgages created by banks but, do we get to write off the losses the banks take from us? I would like to not pay taxes because it is a loss for me, pay interest on my mortgage because it is nearly three times what my house is worth.
Every bank in America would crash if everyone took out their money. Yes this is what happened in the great depression so laws were made to protect the banks banks. American middle class and poor need to rise up and take back this country from the banker and our corrupt politicians.
We live in a false economy propped up by goverment and wall street lies. Nafta gave corps. the ease to take jobs away from Americans for huge profits. The US supports the greatest terrorist group ever with possible connections to Oklahoma bombing and 911, I am not speaking of Al-Qaeda but of Jewish terrorism.
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