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2 Comments
Will Citigroup Go to the Teens? [view article]
I think even if the FED comes in to help the banks, Citi and the other will not be just dancing off into the sunset. Like it's over anytime soon.I believe there's more pain to come. Earnings?? with the losses and write downs they have had will have to be poor.
I liked the article Thanks Feb 28 04:55 PM
The AMBAC Bailout Plan is Really About Banks Saving Their Own AAAsses [view article]
So the Banks are going to come to save ABK, & the FED are going to take all the bad det. and make it go away. No problem.The bank just start working like nothing happened.
Well the dividends will not be what the have been.
The money C and the other Banks got was not free.
The will be paying their new partners or paying off their loans.
It might be in their best interest to help ABK to lessen the pain
but there still more pain to come. Feb 25 08:10 PM