Exposing Ideas to the Envelope of Serendipity

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Tuesday, April 21, 2009

Meredith Whitney: I Was Right, The Banks Still Suck

Meredith Whitney was on Bloomberg discussing what she calls "The Great White Wash" of bank earnings. Basically, all the banks managed to use accounting and one-time, non-replicable profits to show a profit. She offers a good big-picture view of the bank earnings picture this quarter.

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