Vinny’s Blog

The guys who wrote this article is a Nobel price winner so I think he has the necesary credential to write what he wrote..and as you may have guessed he does not have pretty things to say in this article…..
http://economictimes.indiatimes.com/International_Business/Financial_crisis_worst_since_1930s/articleshow/2881608.cms

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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.
http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article3534662.ece
This is like a pot full of holes….you try to plug one and another hole will open up……but then again when we [...]

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I thought there is only one law suit against Citi. But when I checked again and read these article again…guess what I find…looks like there are 2 different law suits….
One for pension and one for 401K.
-Following one suggests that it’s for pension.
According to Marian Rosner, who represents the Plaintiff, “Citigroup’s employees have their retirement plans [...]

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You and me alike came here because it is a bigger economy, better this, better that..
Then back home (in India ) changes have only started to materialize it is still far from where US is today.but I have already seen some of my friends go back. Many I know are already debating on the idea [...]

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Gold output from South Africa fell…it only means one thing. Gold prices will go up further.
http://www.bloomberg.com/apps/news?pid=20601116&sid=aAXE6A0F5Rzo&refer=africa

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