A Cool $200 Billion for Bank of America? [View article]
Of course, the banks will post profits and they won't need more bailout money. Because now with the new rules in place they can value their assets anyway they want. In Japan, 10 years after the real estate bubble, banks were still writing off bad loans. That's where we are heading.
All of Tim Geithner's (Wall Street) Men [View article]
news.yahoo.com/s/ap/20...
Why I'm Short So Many Financials [View article]
A Cool $200 Billion for Bank of America? [View article]
Will the G20 Crack Down on the FASB? [View article]
Citi's Management Looks Overmatched [View article]
> Once Citigroup gets through 2009, it will get back to earning 25 billion per > year.
I hope not. Or else we'll have another credit crisis in 5-10 years.
Here is one prime example of Citi 'earning' their money:
findarticles.com/p/art...
and now they are complaining about short sellers. Just like GS did.
PS I do understand that the government has to give them more money. We don't want another Lehman Brothers disaster.