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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: John Vosilla who wrote (87682)10/15/2007 10:45:06 AM
From: Giordano Bruno  Read Replies (1) | Respond to of 110194
 
Citigroup says consumer taking cash advances on credit cards
On their earnings call, they said they increased credit card reserves because consumers are taping cash advances which have higher default rates.

Also said consumer finance as a whole will weaken in Q4 in US and Japan.

CDO market remains very weak with little signs of pickup



To: John Vosilla who wrote (87682)10/15/2007 2:43:17 PM
From: Nikole Wollerstein  Respond to of 110194
 
J.. you have been offended; that’s funny


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