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Top Analyst Warns Banks Too Optimistic About Housing

September 16, 2008 – Comments (1) | RELATED TICKERS: C , JPM , BAC

Meredith Whitney, a top analyst at Oppenheimer Equity Research, warns in a new report just out today that Citigroup, JPMorgan Chase and Bank of America, along with numerous other banks are still understating the severity of the housing crisis, which could impact the values they are assigning their mortgage securities.

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