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Citigroup Bankruptcy: Federal Reserve & SEC Response
10 Responses to Citigroup Bankruptcy: Federal Reserve & SEC Response
Nice analysis, unfortunately neither Bush nor Bernanke will do anything about it.
The hedge funds have invested a lot in both of them. Economists are theorist fools.
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Citigroup had to offer 3% more than government debt to sell a billion dollars worth of bonds that were rated AA minus. That is more than double the spread it had to pay late last year.
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“If the America people ever allow private banks to control the issuance of their currencies,
first by inflation and then by deflation, the banks and corporations that will grow up around
them will deprive the people of all their property until their children will wake up homeless
on the continent their fathers conquered.”
-Thomas Jefferson
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Had the price of looking been blindness, I would have looked. — Ralph Ellison
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Citigroup can go to hell I hope they loose their ass.
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Gramm-Leach-Bliley Financial Services Modernization Act,
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@fraMichigan: If the administration would have listened to Eisenhower and Thomas Jefferson, we probably wouldn’t be in this situation. No luck. Bush is the decider. Remember?
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very well stated, myself too have a substantial background within derivative instruments . People STILL have not realized how scared actually they should be
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Great stuff.
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intellectual incest LOL
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