The Homa Files

Goldman Sachs economists estimate that financial institutions and investors world-wide will ultimately realize $2 trillion in losses on U.S. loans, but have recognized only half those losses so far.

Note: roughly half of the projected write-offs are residential mortgages.  Good news: “only” $234 billion in commercial real estate.

Source: WSJ, “U.S. Plots New Phase in Banking Bailout”, Jan. 17, 2009
http://online.wsj.com/article/SB123214588361091677.html

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This entry was posted on January 19, 2009 at 7:04 am and is filed under Financial Crisis, Financial Services & Crises, Mortgage Crisis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.