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1. The Automatic Earth: January 6 2010: Iceland, or Size matters

   He kept the business afloat with a $70000 line of credit and an additional $70000 in credit cards. Two years ago, he walked away from the business for a truck-driving job. Despite the steady income from Mr. Parker's job, bankruptcy is .... Whitney, head of the Meredith Whitney Advisory Group, lowered her fourth quarter estimate for Goldman Sachs to $5.50 from $6. She also cut her full-year estimate for Goldman for 2010 from $19.65 to $19.20; her 2011 earnings per share ...

1. The Automatic Earth: December 8 2009: A Green Energy Revolution?

   But as financial stocks continued to plummet last year, the so-called smart money supplied by foreign governments no longer looked so sure. Now, as bank shares have rebounded faster than most analysts had projected and governments face internal political ..... For example, in devising what it considers an affordable mortgage payment, the program doesn't account for all of a borrower's debts ? the first mortgage, second lien, credit card debt and automobile payments. ...

1. Meredith Whitney Most Pessimistic About Plummeting Credit Card ...

   Zero Hedge. The full Meredith Whitney Bloomberg radio interview can be found here. Some of the gloomier observations by Meredith: Credit card lines have been cut by a whopping $1.5 trillion since the market peak, and MW expects this to ...