Posts filed under “Credit”
Its travellin’ time, as most traders are en route back from where they were for Turkey day.
For those of you left behind, here’s a nice scorecard from the (free) WSJ re: the many firms that are blaming the subprime meltdown, housing slowdown and credit
crunch for weaker-than-expected results.
Here’s the WSJ chart
companies that have cautioned of an impact in recent months:
Subpar Earnings: Companies Blame Housing, Credit Problems for Weakness http://online.wsj.com/public/resources/documents/info-retro-subpar20070925.htm?&s=2&ps=false&a=up
Fannie Mae’s fuzzy math: Fortune magazine reported that the lender changed the way it discloses bad loans, which could be masking rising credit losses. “Investors might want to take a closer look at Fannie Mae’s latest earnings report. Lost in the unsurprising news of the mortgage lender’s heavy losses was a critical change in the…Read More