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MEDIA IGNORED SUBPRIME SCAM COMPARED TO CRACK EPIDEMIC

Sort by News Dissector Blog (Free subscription) - 03/10/2008 - YouTube

... practices that were fueling the subprime boom, enriching such major financial institutions as Citigroup and Bank of America, they could hardly attract a reporter to their press conferences. Subprime loans were multiplying from 80,000 in l993 to nearly 800,000 five years later and few people wanted to hear the warnings of activists like Irving Ackelsberg, an attorney at Community Legal Services...

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Assessing Other Credit Risks At Citigroup

Sort by 10Q Detective (Free subscription) - 03/07/2008 - YouTube

In an internal memo released yesterday, Citigroup Inc (C-$21.17) Chief Executive Vikram Pandit called the bank "well capitalized," and characterized most of its major units as "dynamic and thriving businesses." This morning, the largest U.S. bank said it aims to cut its home loan exposure by $45 billion, or by about 20 percent, over the next year. In addition, the Company...