by Calculated Risk on 4/09/2008 01:38:00 PM

From CNBC: Merrill Expected to Write Down Up to $6.5 Billion

[T]he latest round of write downs are not solely tied to subprime loans, but instead are linked to commercial real-estate debt exposure and other types of loans.

Merrill is scheduled to report its first-quarter results on April 17.

Add this to the projections for Citi (up to $17 billion), Bank of America (up to $10 billion) and J.P. Morgan (about $7.5 billion) and the confessional will be very busy.

Note the shift from mortgage related write-downs to other credit issues, like LBO debt, consumer debt, and commercial real estate (CRE).