Oppenheimer Co. analyst Meredith Whitney Says Further Write Downs Coming at Citigroup, Merrill, UBS
Submitted by Sam Cass (bestcashcow.com)
The bloodletting isn't done yet.
Economy, Real estate, Investing, Stocks, Google, Inflation, Apple, China, Housing, Interest rates, Recession, Housing bubble, Iphone, Oil, Personal finance, Stock market, Banks, Countrywide, Credit crunch, Retirement, Federal reserve, Banking, Credit, Energy, Savings accounts.
Related Tags: Banking industry, Countrywide, Bank of america, Bear stearns, Ag, Banks, Evasion, Google, Subprime, Tax, Ubs, Walmart, Banking, Cars, Ceo, Citigroup, Credit crisis, Dow jones, Economy, Offshore, Stocks, Uaw, Advertising, Auto industry, Birkenfeld.
The bloodletting isn't done yet.
The massive wealth and profits generated by the big Wall Street banks is draining away. Nearly half of the profit they earned over the last couple of years on the strength of mortgages, CDOs, etc....
The Department of Justice is asking the Court to allow the IRS to issue a summons to UBS AG demanding the names of wealthy U.S. clients who used the Swiss bank to keep 'undeclared accounts' in...
The weaker dollar and higher fuel prices are helping to make US manufacturers more competitive with Chinese companies. Thanks to higher fuel prices, the cost of shipping across the Pacific has gone...
The article suggests that it may transform the US grocery store market. Warren Buffett is buying up Tesco's stock so must have been persuaded.
China is Coca-Cola's fourth largest market. In the last five years, they have pretty much doubled their sales there. Just imagine what their sales will look like in another five years. To get a...
The Canadians are coming! Look for more purchases with the American dollar falling to record lows. It's a fire sale in the US.
Jordan's Furniture, a store owned by Warren Buffet, made a bet with its customers last spring that if the Red Sox won the world series, any furniture (sofas, tables, mattresses) purchased between...
Freddie Mac cut its quarterly dividend in half Tuesday and announced plans to sell $6 billion in preferred stock to bolster its finances in anticipation of more losses. Freddie Mac, chartered by...
Retail giant Wal-Mart Stores tops the Fortune 500 list for the second consecutive year with a 2007 profit of $12.73 billion on revenues of $378.8 billion. That's a jump of 7.9% in revenue over 2006.
Indian carmaker Tata Motors announced it will unveil the world's cheapest car in January. The no-frills, four-door compact car will cost just $2,500.
The private equity buyout spree continues. CVC is Europe's second largest private equity firm. This marks CVC's entry into the American private equity market.
Fox Business News To Launch October 15 In 30 Million Homes. Do we need another business channel? Stay tuned...
Great article that provides another angle on Rupert Murdoch and his bid for Dow Jones. I generally really like Vanity Fair and their articles.
Effective immediately Capital One is sutting down its mortgage unit GreenPoint Mortgage. The companys stock is taking a beating. The damage continues.
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BestCashCow provides rates and information on a wide range of financial products - savings accounts, CDs, credit cards, and more. - as well as financial information gathered from across the Web.
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Type
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Rate
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Institution
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4.01%
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Everbank
|
|
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2.57%
|
Dreyfus
|
|
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~4.00- 12.00%
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Various brokerages
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|
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3.35%
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GMAC Bank
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|
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4.00%
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IndyMac
|
|
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4.25%
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IndyMac
|
|
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4.50%
|
Wachovia Bank
|
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5.00%
|
Wachovia Bank
|
|
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4.84%
|
US Treasury
|
|
|
4.00%
|
Federal Home Loan Bank (state and local tax exempt)
|
|
|
3.32%
|
Northrop Grumman FCU
|
|
|
3.90%
|
Alliant CU
|
|
|
4.08%
|
Self-Help CU
|
|
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4.44%
|
Self-Help CU
|
|
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2.00%
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Various brokerages
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|
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2.28%
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Various brokerages
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|
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3.04%
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Various brokerages
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|
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3.68%
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Various brokerages
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|
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4.21%
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Various brokerages
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See more product and rate information
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