August 2007

An Aug. 30 Steve Smith and Gregg Greenberg video on TheStreet.com TV, Go Bearish With Mastercard Options Play, incorrectly said an increase in late payments would negatively affect Mastercard's profits by forcing it to raise its reserve fund. In fact, late payments aren't likely to cause Mastercard to increase reserves, as the company's profit is based primarily on transaction volume. TheStreet.com regrets the error. (Corrected Aug. 31)

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An Aug. 22 blog post by Tony Crescenzi titled Reports: Citi Taps Fed for $500 Million should have indicated that Crescenzi was long Citigroup (C) at the time of publication. TheStreet.com regrets the error. (Corrected Aug. 22)

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