Citigroup Bankruptcy: Federal Reserve & SEC Response

[chasemcc]

intellectual incest LOL

[eatandtravel]

Great stuff.

[AndrewWJewell]

very well stated, myself too have a substantial background within derivative instruments . People STILL have not realized how scared actually they should be

[northpal2]

Gramm-Leach-Bliley Financial Services Modernization Act,

[clpsw7]

Citigroup can go to hell I hope they loose their ass.

[CuriousMickey]

Had the price of looking been blindness, I would have looked. -- Ralph Ellison

[fraMichigan]

"If the America people ever allow private banks to control the issuance of their currencies,

first by inflation and then by deflation, the banks and corporations that will grow up around

them will deprive the people of all their property until their children will wake up homeless on the continent their fathers conquered." -Thomas Jefferson

[Crickettedog]

@fraMichigan: If the administration would have listened to Eisenhower and Thomas Jefferson, we probably wouldn't be in this situation. No luck. Bush is the decider. Remember?

[ofInterestNZ]

Citigroup had to offer 3% more than government debt to sell a billion dollars worth of bonds that were rated AA minus. That is more than double the spread it had to pay late last year.

[wizgrav]

Nice analysis, unfortunately neither Bush nor Bernanke will do anything about it.

The hedge funds have invested a lot in both of them. Economists are theorist fools.