Don’t Let Your CEO Horses Get Too Far Ahead of the Subprime Carts

February 20, 2008

There would undoubtedly be much greater confidence if prices in the U.S. real estate market, where the crisis originated, finally stabilized.

Brady Dougan, CEO of Credit Suisse, last week, when the company announced fourth quarter write-downs of $1.8 billion, much lower than many banking rivals.

Obviously, an issue like this is disappointing. There is no question about it.

Brady Dougan, this week, when the company announced it had miscalculated the write-downs and increased them to $2.85 billion.

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