Citi, Merrill and JPMorgan to write down even more in Q4

Bad debt from the subprime crash continues to be a moving target. Despite teams of expensive experts, this is like the Keystone Cops comes to Wall Street. It's hard to keep up with the downwardly revised numbers, but not to worry, these people are "experts" and know what they are doing.

Just because they change their write downs more often than they change their underwear, don't worry. Bush says the economy is jut fine and Wall Street keeps trying to tell us the same. It's just those doggone facts that keep getting in the way. Damned facts! Damn!