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Nov 13 10:51 am
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All Comments by lsully999 »Citi's Desperate Straits [View article]
Am I the only one who remembers that this entity is supported by a middle eastern prince ? Cit's share price may drop - but this company is absolutely going to survive.
JasonC has a point; but it is also were noting that, after the TARP infusion, Citi's Tier 1 capital is in excess of $100.0 billion; they also have loss reserves of $25.0 billion. That's a heck of a lot of cushion.