Reuters: Bear Stearns: S&P500 financials to post added write offs

[chris]

Bear Stearns: S&P500 financials to post added write offs
      

(Reuters) - S&P 500 financial companies are likely to post additional first-quarter write-downs of $35 billion to $70 billion as deteriorating credit markets will require further recapitalizations, Bear Stearns said.
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