Richard Bove, analyst at Ladenburg Thalmann & Co., talks with Bloomberg's Betty Liu from Tampa, Florida, about the potential for bank writedowns due to insurance policies backed by collateralized debt obligations or other risky investments. Wachovia Corp., the fourth-largest U.S. bank, yesterday wrote down its assets by $315 million in the first quarter after reviewing bank-owned life insurance holdings.
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Added: May 7, 2008 |
| Category: Business |
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