When are traders going to start jumping out of buildings? That is not a 9/11 joke btw =P
from Bloomberg:
Banks haven't lost this much money, in relative terms, since the Great Depression, said Richard Sylla, a professor of the history of financial institutions and markets at New York University's Stern School of Business.
On Jan 14, 2008 5:06 PM, Doug Henwood <DHENWOOD at panix.com> wrote:
> Hmm, I believe Jordan said this wasn't going to happen...
>
> > NEWS ALERT
> > from The Wall Street Journal
> >
> > Jan. 14, 2008
> >
> > Citigroup is expected to announce a sizable dividend cut, cash
> > infusion of at least $10 billion and write-down of as much as $20
> > billion in mortgage-related investments as part of its fourth-
> > quarter earnings report, people familiar with the plans said.
> >
> > For more information:
> > http://online.wsj.com/article/SB120035073183189649.html?
> > mod=djemalertNEWS
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>