http://www.stubbornmule.net/2008/07/nab-takes-830-million-hit/ Obstinately objective Tue, 27 Jul 2010 11:09:23 +0000 hourly 1 http://wordpress.org/?v=3.0 http://www.stubbornmule.net/2008/07/nab-takes-830-million-hit/comment-page-1/#comment-1135 stubbornmule Wed, 30 Jul 2008 03:02:16 +0000 http://stubbornmule.wordpress.com/?p=195#comment-1135 There's an interesting development <a href="http://www.crikey.com.au/Business/20080729-How-Merrills-dragged-NAB-into-an-830m-writedown.html" rel="nofollow">reported on Crikey</a>. Merrill's have <a href="http://www.bloomberg.com/apps/news?pid=20601103&sid=atfHM8sh2xtw&refer=us" rel="nofollow">sold a portfolio of assets to Lone Star</a> for around 20c in the dollar. Included in these were tranches of deals also held by the NAB, which has forced them to mark their positions to market rather than myth. There’s an interesting development reported on Crikey. Merrill’s have sold a portfolio of assets to Lone Star for around 20c in the dollar. Included in these were tranches of deals also held by the NAB, which has forced them to mark their positions to market rather than myth.

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