Citigroup has committed $1 billion (£498 million) to bail out six of its hedge funds hit by turmoil in the municipal bond market, adding fuel to fears that a meltdown is on the way.
This is like a pot full of holes….you try to plug one and another hole will open up……but then again when we are loosing Billions what is 1 billion.
3 responses so far ↓
1 Guest // Mar 12, 2008 at 9:24 am
Now..compliment that with this one…
Predictions of further writedowns and cash shortfall rock Citigroup
http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article3485717.ece
2 Phil Skarshaug // Mar 12, 2008 at 10:07 am
Hey big guy, who else is on this Blog?
3 Vinny // Mar 12, 2008 at 11:00 am
We have a few users of this blog.
Syed, Satveer Somnath, Anish Prabhakar, Raviprakash, Nimish , Radha, Ganesh , Mansi, Raghu Abhijit, Sachinder , Anjum, you and me. Then I have some cousines and then few from Vaishali’s company. So I thought it might be easier to create this blog to keep every on the same page. I was getting tired of sending emails to individuals. They were also replying back to me. With this blog setup ,they can post any new article here
themself and everyone else can see that…so that works out well.
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