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.
Number of U.S. Homes With Negative Equity Is Stunning [View article]
30% homeowners have negtive equity? So what? It does not mean that 30% of loans are diliquent. Property prices fluctuate all over the world all the time, but that does not result in bank failures.
There seems to be some kind of massive fraud somewhere along the line.What we need is CIA to tackle this problem,not Federal Reserve.
What's To Be Done About Citigroup? [View article]
and realize the best possible price.
Jim Rogers' Recent Portfolio Moves [View article]
Number of U.S. Homes With Negative Equity Is Stunning [View article]
There seems to be some kind of massive fraud somewhere
along the line.What we need is CIA to tackle this problem,not Federal Reserve.