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Oppenheimer's Whitney: All Bank Dividends Are At Risk - CNBC (video)
This Link is located in the Public Channel Housing Bubble and Bear Links.
Posted by ian 1 year 162 days ago (cnbc.com).  Views: 852
Tags: housing bubble  meredith whitney
Related Tags: credit crisis  gold  wall street  economics  peter schiff  inflation  banks  
Investment banks look to raise new capital and calm the turbulent waves they've been riding, but the recovery is still a long way off, says Meredith Whitney, executive direct of equity research at Oppenheimer & Co.

Moreover, says the closely watched Whitney, all banks' dividends are in danger of being eliminated due to ongong, protracted difficulties.

"It's a slow bleed. I call this the agony of incrementalism. I wish I could come on here with better news," Whitney told CNBC. (See the full interview in the accompanying video.)

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ian said
1 year 162 days ago
 
Who is Meredith Whitney?

Like the MyProps Housing Bubble channel, she has been deadly accurate on the entire financial crisis, predicting doom before any other Wall Street analyst:

http://www.bloomberg.com/apps/news?pid=20601039&sid=aSApdA59SFok&refer...

http://money.cnn.com/2008/03/27/news/newsmakers/benner_whitney.fortune...

http://business.timesonline.co.uk/tol/business/industry_sectors/bankin...

http://seekingalpha.com/article/69677-oppenheimer-s-meredith-whitney-d...

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