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Isn't citigroup getting ready to declare bankruptcy from all their subprime investments.
They are in deep trouble but they just received a huge cash infusion from a sovereign fund in the middle east...Citigroup is far, far, from the grave....More over the Smith Barney arm if Citigroup is in fine shape and remains a powerhouse on Wallstreet..Besides, Everything is not "peaches and cream" with Jacoby's employer either....:>)
One thing no one seems to notice or care about are all of the commercial interests that Citi hasn't written down yet.Its coming soon.
kj y yyg