Posts Tagged ‘credit cards’
The Prophet Speaks…Again

About a year ago we dedicated an entire week’s worth of posts to famed Analyst Meredith Whitney. As a quick refresher, she was responsible for “the call” on Citi, where she (almost prophetically) predicted that Citi was in serious trouble. Following a quick rise to fame, she was subsequently dubbed the “Oracle of Wall Street.” She left her job at Oppenheimer and started her own advisory firm: Meredith Whitney Advisory Group, LLC (rolls off the tongue, no?). She even made Forbes.com’s Best Analysts: Stock Pickers list. Her new advice: avoid anything related to the financial industry. Read the rest of this entry »
Commercial Real Estate Week in Review
The Week of May 30-June 5
- A new report emerged showing banks’ troubled CRE assets have doubled.
- Word from the NAREIT conference this week is that REIT’s are better positioned for the recovery.
- Countrywide’s ex-Chairman was charged by the SEC with fraud.
- What will be the nationwide commercial real estate impact for car dealership sites affected by GM filing for bankruptcy?
- Real Estate Lender Capmark successfully reorganized its financing to stay afloat.
Read the rest of this entry »
The Real Cause of the CREDIT Crisis
And you thought real estate was to blame for the credit crisis….it’s all in the name! CREDIT! Now only if Barack Obama created a news conference to tell us to spend, rather than VISA, we might get out of this recession…



