No. Way. Never saw this one coming. CNBC says that now that home equity lines of credit have dried up, consumers will now start maxing out their credit cards! And they might not pay them off! As the economy worsens and unemployment rises, more Americans are having trouble paying off their credit card balances. That [...]
Entries Tagged as 'writedowns'
BREAKING NEWS: Expect Credit Card Defaults
October 16th, 2008 · No Comments · breaking news, cnbc, writedowns
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Dick Fuld Plays Whack-A-Mole
September 11th, 2008 · No Comments · fail, lehman brothers, writedowns
WSJ reports today that Richard Fuld of Lehman Brothers spends his days making phone calls to make sure he still has credit. “I feel like I’m playing whack-a-mole every day,” Mr. Fuld said, according to people familiar with the calls. They go on to state that Dick waited too long to write down the garbage [...]
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Wall Street Got Drunk – The Flowchart
July 25th, 2008 · No Comments · bear stearns, bernanke, fail, subprime, writedowns
Stolen but we loved it. Thanks Jess! Click for fullsize.
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Everything I Need To Know About Writedowns, I Learned From The Big Lebowski
April 1st, 2008 · No Comments · Uncategorized, writedowns
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I Has A Writedown!
April 1st, 2008 · No Comments · hank paulson, Uncategorized, writedowns
As the WSJ’s marketbeat blog says… more writedowns? Let’s party! UBS wrote down oodles of noodles this morning and kicked their chairman to the curb. So we’re rallying because hope springs eternal that each new writedown is the last.
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