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Well respected Citigroup analyst predicts banks facing $70B in additional write-downs (video)

This Link is located in the Public Channel Housing Bubble and Bear Links.
Posted by ian 2 years 27 days ago (cnbc.com). Views: 58
Tags: housing bubble citigroup

Related Tags: credit crisis gold wall street peter schiff economics inflation banks

The Citigroup research of Meredith Whitney, executive director of CIBC World Markets, triggered a staggering global selloff, and now she's warning that banks could face additional write-downs of up to $70B if bond insurers are downgraded.

Citigroup is going below $20 soon ($25.05 currently).

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Housing Bubble and Bear Links (1,486 Links)

Created by ian 2 years 345 days ago in Finance. Views: 12,629. Link Views: 418,002
Tags: housing bubble investing real estate subprime mortgage finance economics
Related Tags: wall street stocks business video politics infesting economy financial

This channel was created on April 10, 2007, during the peak of the housing mania, to warn investors of the coming collapse in home prices. For quite some time we have warned investors to get out of U.S. stocks. This channel represents the best of the [More...]

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