Losing Big
April 30th, 2008
Ever lost $40 Billion? Citibank has, and now they are trying to fix that. I have to admit though, their efforts seem relatively puny. A stock sale rose only $4.5 Billion and simply will not fill that forty Billion Dollar hole. Does anyone else see a discrepancy here? The word of the day…. Solvency Crises.
Ever lost 6 Trillion? The housing market just did. Real estate doesn’t look so promising.
Outlook not so good.
