Treasury, Fed Said to Call on Wall Street Chiefs to Back Lehman
By Bradley Keoun and Jesse Westbrook
Sept. 13 (Bloomberg) --
Since the collapse of the subprime mortgage market last year, banks have reported more than $510 billion of writedowns and credit losses on such assets.
Lehman still had a $50 billion mortgage portfolio at the end of August. While just $1.6 billion of that is in subprime mortgages, falling home prices and fear of a U.S. recession have brought down the prices of other mortgage-related securities in Lehman's holdings.
We're going to see more stock charts like Lehman's:
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