From CNBC, an estimate of major financial institutions' coming write-downs due to exposure to collateralized debt obligation shitpiles.
Bear Stearns: $3.2 billion
Lehman Brothers: $3.9b
Merrill Lynch: $9.4b
Goldman Sachs: $5.1b
Morgan Stanley: $3.8b
(source: Credit Sights)
A billion here, a billion there...
