Saturday, November 22, 2008

Another One of those Weekends

In March, we had Bear Stearns weekend. In September, we had Lehman weekend. Unfortunately, we now enter Citi weekend, which is considerably more dangerous than the previous two. Clusterstock has been all over the Citi collapse story and they provide a good overview of what Citi weekend holds in store. It's grim and grimmer, basically, and an AIG sequel appears to be the most likely scenario.