I was curious about a topic, maybe someone can help me out here;
I remember hearing on CNBC that investment banks have to mark to
market their positions and take write down much quicker than banks due
to regulations, therefore they were speculating that most investment
banks have gotten most of the sub prime junk off their books compared
to commercial banks.
Can anyone expand on this topic? -What the regulations exactly are?
This is a little confusing for me because banks are still taking write
downs too.
~Thanks
