Citi's Demise.
Managing Citi's collapse will soon become the Obama Administration's responsibility. The WSJ describes the choices involved. None of them are good. 47-1 leverage makes "recovery" impossible.
"Do Your Job." -- Bill Belichick. You can reach me at jellis41@gmail.com
Citi's Demise.
Posted by John at 1/14/2009 09:26:00 PM