Goldman Increases Estimates of Write-Offs at Other Firms

A Goldman Sachs analyst predicts that Citigroup will cut its dividend by 40% and will announce CDO-related write-offs in the fourth quarter of $18.7 billion.  Goldman Sachs also increased its estimates of fourth quarter CDO-related write-offs at other firms:  JPMorganChase, an estimated $3.4 billion (up from $1.7 billion) and Merrill Lynch, an estimated $11.5 billion (up from $6 billion).  And Goldman must be laughing all the way to the bank.  Bloomberg.com, Citigroup May Cut Dividend by 40%, Goldman Sachs Says (Update1).