On Nov 7, 2007, at 1:30 AM, Jordan Hayes wrote:
> Yes, an $11B loss sounds huge ... until you see that Citi's gross
> profits over the last few years have all been north of $100B -- per
> year! Net profits in the $25B (per year!) range, with net income
> since
> 9/11 of nearly $140B.
>
> This Time It Will Be Different because This Time It's Chump Change.
They do have a capital problem, which probably means cutting the dividend and selling assets.
Doug