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In Defense of Meredith Whitney

The bottom in housing and consumer credit is a long way off. When people talk of the bottom it is as if they are expecting a rebound and demand out of nowhere.

The bottom is a murky place where housing, unemployment, and consumer credit will languish for some time.

On PPIP and Geithner's Latest Power Grab (Linkfest)

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Consumer Credit: An International Crisis

Andy,
If you are serious about being a financial writer then you are goin to have to be serious about your subject matter and its content.
For example: the Canadian energy trusts are of overwhelming interest to most of us. What is the politcal climate telling us?
For example: I have been looking at Annaly(NLY). They seem to play on the interest rate differentials in the market. I would like to know exactly what and how they do that.
That is just a couple of items that readers would be grateful for good - GOOD- information.

Stop writing what everyone knows. It looks as though you are auditioning for a job.

Citigroup Is Heading into the Single Digits

MIK 124
Where are they going to make it?
The housing resets do not stop until 2012, the consumer is dying so there goes commercial real estate, and the credit card fiasco is just starting.

Now you tell me where they will make money above all of this coming decline.

Citigroup Is Heading into the Single Digits

I don't unerstand the sour apples of the previous comment.

Goldman and Citi are failed banks without taxpayer support. While you willsee some rise in stock price in coming months it will be short lived. They have announced the termination of 12,000 employees together and in the same breath they talk of their bonuses being reduced to a mere $20 million.

Why am I the only one that is outraged at any bonuses being taken by anyone on the Street as long as they are still owing the FED.

I don't think we can talk about individual capacity being the force behind the bonuses because anyone from Manpower could have achieved their results.

Why is this subject taboo? If anyone is to believe that governmental oversight has any teeth the bunuses have to be zero until the FED money is restored.

Friday's Report from Citi Won't Be Pretty

iT IS SILLY TO TALK ABOUT 2012 WHEN THAT IS WHEN THE BOTTOM IN HOUSING "MIGHT" BE IN.

THE ONLY WAY TO KNOW WHAT THE BANKS HOLD IS TO HAVE THEM ALL REPORT THE SAME DAY. THEY ARE HIDING THE TRASH THEY HOLD AND THIS IS A SHELL GAME. HIDING BAD PAPER AND LOW EARNINS ESTIMATES. THE BANKS ARE BUSTED AND PEOPLE ARE STUPID. HOW CAN ANY COMPANY DILUTE ITS SHARES AND THEN SEE STOCK PRICES GO UP AS IF IT WAS GOOD NEWS.

Eddie Lampert's ESL Holdings

We see what sears is doing and I see no reason why he can't do the same thing with ESL - DOWN