18 Apr 2008
Citigroup reports $5.1 billion loss on hefty write-downs

Ouch! I wonder how much cash of my money (from my recently filed taxes) is going to be used to bail these idiots out of their mess?

AP - Citigroup Inc. lost $5.1 billion during the first quarter as poor bets on mortgages and leveraged loans lopped billions of dollars from its investment portfolio.


(link) [Yahoo! News: Top Stories]

08:06 /Politics | 0 comments | permanent link