Monday, August 17, 2009
Regions Financial's $22.8 Billion Dollar Sink Hole
Jonathan Weil over at Bloomberg is on to something this morning, pointing out the dramatic disparity not only between Regions Financial loan portfolio Carrying Value (at what value the firm has them marked on the balance sheet) as opposed to their disclosed Fair Value Estimate (i.e., what the real value of all those toxic loans is). The math: the bank has overvalued its loan portfolio by $22.8 billion dollars...
Zero Hedge: Regions Financial's $22.8 Billion Dollar Sink Hole
Zero Hedge: Regions Financial's $22.8 Billion Dollar Sink Hole
Permalink posted by markw @ 4:36 AM 
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