What's another $9.4 Billion in write downs

Morgan Stanley reported its earnings today. Forget earnings look at its revenues. It reported negative revenues of $450 million, as it claimed $9.4 billion write down related to subprime and credit crunch issues.

With the latest write down the tally for bank's write downs is $78.6 Billion , see complete list here.

                                         Quarter Ended
                                       --------------------
                                        Nov 30,   Nov 30,
                                          2007       2006   % Change
                                       ---------- --------- --------
Net revenues
 Institutional Securities              $ (3,425)  $  5,475    (163%)
 Global Wealth Management Group           1,789      1,452      23%
 Asset Management                         1,252        973      29%
 Intersegment Eliminations                  (66)       (51)    (29%)
                                       --------   --------

    Consolidated net revenues          $   (450)  $  7,849    (106%)