Article

2007-11-09 Home Front Economy

CitiBank drops 33 billion in net worth this week.

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Posted by 3dc 2007-11-09 00:00|| || Front Page|| [6 views ] Top

#1 Barlays Bank next?

Posted by Bright Pebbles 2007-11-09 07:10|| 2007-11-09 07:10|| Front Page Top

#2 Ouch.

Well, that is what happens when you loan money to people who are considered "risky". Like my parents. I wouldn't loan them $5. Give maybe, 'cuz you would never see it come back.

Posted by DarthVader">DarthVader 2007-11-09 09:31|| 2007-11-09 09:31|| Front Page Top

#3 Another domino falls. (how do I insert a graphic of one of those giant domino displays where you tip the first one and 10000 more fall in succession?)

Read today that Bernanke is talking about the need for a taxpayer-funded bail-out of the housing market to the tune of $100B dollars!! (think: S&L writ large). Just what we fucking need: another giant bail-out of folks who let greed cloud their judgement. Makes me sick.

Posted by Geoffro 2007-11-09 11:20|| 2007-11-09 11:20|| Front Page Top

#4 It's funny you use the word S&L, I was just thinking that this is the biggest swindle to come down the pike in a long time. Arent these the same assholes that started giving loans to illegal aliens? Seems I cant find the tears to cry for Citi.

Posted by bigjim-ky 2007-11-09 17:05|| 2007-11-09 17:05|| Front Page Top

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