$4.4B of the CDO write-down:
- Super Senior CDO positions worth $30.6bn sold to Lone Star for $6.7bn
- … 22 cents on the dollar
- … a further $4.4bn writedown from the mark Merrill reported barely two weeks ago, when they were valued at $11.1bn, or 36 cents on the dollar
- Loan Star purchasing the CDOs using a $5bn loan from Merrill
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