Meredith Whitney was a guest on Bloomberg radio last night discussing the shell game of the banks and the coming second wave of the US housing slump. About those insisting housing and credit have stabilized, beware she says “banks and politicians are eating their own…” (audio improves around 4 minutes)
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Cory’s Chart Corner
Wow...RBC trying hard to obfuscate an 8x growth in loan losses with candy for the kiddies, buybacks and dividend hike. Morning other Danielle...
h/t @DiMartinoBoothDanielle DiMartino Booth @DiMartinoBoothBattening down the hatches with an eight-fold hike in loan loss provisions north of the border:
@RBC provisions for performing loans totaled C$568 million in the second quarter, up from C$68 million in the first three months of the fiscal year.
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