[bratticus]

Going Concern Is Issue to Watch in 2009, Fitch Says

... “Given the nature of accounting today, we need to look at those companies that have significant unrealized losses and make a determination as to whether some of those losses will become realized, and if so what portion.”

State Street Net Falls 71% on Costs to Support Funds

... State Street said today net unrealized losses on the company’s portfolio of investment securities rose to $6.3 billion at Dec. 31 from $3.3 billion at Sept. 30. ... Unrealized losses on assets held in conduits managed by State Street increased to $3.6 billion from $2.2 billion.

[url=http://www.marketwatch.com/news/story/state-street-55b-unrealized-losses/story.aspx?guid={3741C8C1-4D09-4DBB-BC08-E098DD8AFB13}&dist=msr_1]State Street: $5.5B unrealized losses in long-term portfolio[/url]

... State Street said that it has transacted purchases and redemptions in those pools at a net asset value of $1 a unit, even though the portfolios underlying the pools often had lower values.

Problems at home?

... A report by Moody's Investors Service this month said the home loan banks own a combined $76 billion in mortgages that are not backed by Fannie Mae, Freddie Mac, or the federal government. As a group, they face unrealized losses of $13.5 billion on those investments, representing about 25 percent of their total capital.

No Soft Landing for Asia's Airlines

... Already, four airlines -- Air China, Cathay Pacific, China Eastern and China Airlines -- have disclosed a combined $3.5 billion in unrealized losses on bets ...