Hell yeah! It's been months since I added a post to the "Meredith Whitney" category. I don't know what happened to bring about this omission but it's time to end it NOW! From Bloomberg News here is the Damsel of Destruction;
“We are still cautious on the potential future dilution from further prospective capital raises for the group as well as continued higher losses related to credit and asset deflation,” New York-based Whitney wrote in a note today.
Citigroup’s “risky assets” total about $120 billion, Whitney said, reiterating her “underperform” for the stock
I am pumped (and on my 5th cup of coffee after a late night Citigroup vigil)! Without further adieu, here is our own Meredith Whitney song, POD's "Here Comes the BOOM! Still the funniest music video ever! Gangstas playing ping-pong!
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