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The Ratings Game: Citi ‘too big to fail’, will hit $12 a share: Bove

0 Comments Published June 21st, 2009 in News.

NEW YORK (MarketWatch) — Rochdale Securities analyst Richard Bove initiated coverage on Citigroup Inc. Friday, issuing a buy recommendation on the beleaguered bank, and valued its shares 27% above their current price.

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« Emerging Markets Report: Cemex tries to lift debts built in housing boom
Paulson bets on gold — and yields little so far »
This blog discusses subprime mortgage problems. Subprime problems began when lenders offered loans to potential home owners with bad credit or credit / income that did not meet the standards of traditional lending. Subprime mortgages for people with bad credit or no credit face an uncertain future. Once the hope of many to enter into home ownership has now been corrupted both by overreaching consumers and predatory lenders. I hope to follow the aftermath of this crisis.

Mortgage Lender Implode-o-Meter






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