Sunday, November 23, 2008

Citibank looking for a Bailout?


It looks like there is serious talk of between U.S. regulators and Citibank to limit the banks potential losses on toxic assets. Isn't this what the TARP was supposed to do from the beginning? And why Citi and not BOA, JPMorgan, MS etc etc etc. To me it has been one bank after another going down. Once Citi is bailed out the markets will go after the next "Victim".

Here is the story from BLOOMBERG


Good Luck and Good Currency Trading.

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3 Comments:

Anonymous Anonymous said...

why do they still own the naming rights for shea stadium

11:49 AM  
Anonymous movie buff said...

my initial thought upon hearing about Citibank's potential bankrupcy was, Yipee! this will cancel out the small fortune's worth of debt I have stored up on my trusty Citi-card... right?

10:40 PM  
Blogger Banker said...

hhhmmm... I don't think so Movie buff....sry

Banker

1:22 PM  

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