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Meredith Whitney of Oppenheimer has calculated that banks may have to write off $10.1 billion of the paper they insured with ACA.Because the CDS market is barely regulated, it is impossible to know how much of this monoline "counterparty risk" banks are exposed to.
For example, the most recent U.S. version allowed a company to write off up to 20% of what it spends on research above a "base amount" calculated using the firm's spending history.
Others aren't so quick to write off Mr. Kroll.
But "Revenge" is too juicy to write off as junk.
But that's no reason to write off later interventions.
Yet it is premature to write off corporate Japan.
But the world cannot afford to write off Japan.
But scholars say not to write off Yiddish just yet.
It is easy to write off Europe at the moment.
Banks have been slow to write off bad loans.
But they chose not to write off their responsibility.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com