Such behemoths are unmanagable and uncontollable. The only protection for shareholders and taxpayers is to sell Citi piece by piece and realize the best possible price.
CDS Prices Due for Sharp Adjustment Today [View article]
I think what we have found is that people selling credt protection have themselves very little credit worthiness, and ultimately they are relying on the govt bailouts. I cannot understand why investors are buying securities in which they have no confidence, and then rush to buy credit cover.
CDS market is pure speculation and must be banned as a market.
Tax Dollars at Work: Goldman Sachs to Pay Record Bonuses [View article]
american capitalism is live and kicking
I am waiting to hear loud protests in the senate about over regulation
of geniuses of Wall Street.
What's To Be Done About Citigroup? [View article]
and realize the best possible price.
Another AIG Scandal? [View article]
Why Are We Wasting Our Energy on the Bonuses? [View article]
CDS Prices Due for Sharp Adjustment Today [View article]
CDS market is pure speculation and must be banned as a market.