The Federal Reserve said Thursday that it had reduced the estimated value of the Bear Stearns assets that it acquired in June by $2.7 billion, or 9.2 percent, as the deepening credit crisis forced more markdowns on mortgage-backed debt.
http://dealbook.blogs.nytimes.com/2008/10/23/fed-says-bear-stearns-assets-fell-92-in-value/
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