Tuesday, May 20, 2008

Another gloomy forecast by Oppenheimer

http://www.bloomberg.com/apps/news?pid=20601084&sid=auq3s_xEc9BI&refer=stocks.

Another gloomy forecast by Oppenheimer.
The U.S. credit crisis will extend into and even beyond 2009 as banks will write off more than $170 billion of additional reserves by the end of next year, according to Oppenheimer & Co. estimates.

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