Wachovia Demands Retraction From Dollar Dominatrix

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We're listening to the Meredith Whitney conference call right now, but while we patiently wait for the Q&A during which we'll ask what everyone else is thinking-- have you ever killed person?-- here's something interesting, considering that while DD's victims usually don't like it when she violates them in public, typically they roll over and take it, rather than screaming, "You take that back!" Today, though, Wachovia decided it has had enough. Stifel Nicolaus is out with a note saying that WB is demanding a retraction of Whitney's latest report, claiming that her conclusion that Wachovia may have sold $50-60 billion in Golden West loans at a substantial loss during the quarter is "dead wrong."
Update: Whitney mentions some sort of calculating error in her report but stands by her original conclusion.
Oppenheimer Note-US Banks [PDF]
Oppenheimer-US Bank Slide Show [PDF]

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