Thursday, November 13, 2008

Citi and To big to bailout

http://www.portfolio.com/views/blogs/market-movers/2008/11/13/citis-desperate-straits

With so many bad things to choose from, this would clearly be very bad. If the government had to step in now it would take $1T dollars to fix it. Let me repeat that $1T. We now a company too big to bailout. The ship is sinking the only question is who is the last one off the ship.

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