Meredith Whitney speaks truth once more on the ineffectiveness of the Citi bailout, on Bloomberg.com. “an affront to taxpayers”…….”junk in the trunk assets”……..she should be given the Medal of Honor for her ongoing courage.
Wed Nov 26, 2008 8:18am EST
Nov 26 (Reuters) - U.S. banks will incur about $44 billion in write-downs and loss provisions in [...]
By Jonathan Tirone
Oct. 19 (Bloomberg) — European Central Bank council member Ewald Nowotny said a “tri-polar” global currency system is developing between Asia, Europe and the U.S. and that he’s skeptical the U.S. dollar’s centrality can be revived.
“What I see is a system where we have more centers of gravity” Nowotny said today [...]
US Bank Shrs Fall; More Div Cuts, Capital Increases Seen
US Bank Shrs Fall; More Div Cuts, Capital Increases Seen
Last Update: 6/13/2008 10:31:20 AM
NEW YORK (Dow Jones)–KeyCorp (KEY) likely won’t be alone in cutting its dividend
and raising capital, analysts at Goldman Sachs said Friday. They estimate there
is another $65 billion in capital raising coming at U.S. [...]
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