Fri, 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]

/Politics | 0 writebacks | permanent link

comment...

 
Notes: If you put a <mailto:> link in the URL field your address will not be mangled: this could be a bad idea as your email address could be easily harvested by bots designed for SPAM. The comments field should now format correctly for line feeds and carriage returns: when you hit the 'Enter' or 'Return' keys in your comment it should break to a new line. The text should wrap cleanly. Please let me know if it doesn't. No HTML tags will pass through - entering links seems to be the main cause of comment SPAM. Also, please be sure that Javascript is enabled in your browser before attempting to post a writeback. Sorry for any inconvenience, but this really helps cut down on the amount of comment SPAM I have to deal with.
 
 Name:
 URL:(optional)
 Title: (optional)
 Comments:  
Save my Name and URL/Email for next time