Video: OTTI vs Losses at WesCorp
Submitted by mhand on October 30, 2009
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A brief video clip from the WesCorp financial performance webcast on October 29, 2009. The topic is OTTI and losses. The question is:
To date you have actual losses of $27 Million in the securities portfolio, but you’ve written off over $6 Billion dollars in OTTI. This means that you’re expecting to eventually have 100% of OTTI become actual loss. Is this correct? And, what is the timeframe for this to happen?
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