“This week the market seemed to like financial stocks and was buoyed on news that Pulte Homes would buy Centex to create the largest US homebuilder. And with banks having some room to adjust their writedowns as mark-to-market is modified, the market saw significant increases in the financial sector. Everywhere I keep hearing the old [...]
More on this topic
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Questions about the coming wave of second mortgage writedowns
(naked capitalism, 2/8/10)
Struggle for Survival Forces Pulte and Centex Merger
(Money Morning, 4/8/09)
Excel Maritime takes big writedown
(The Shipping Stocks Blog, 4/9/09)