When news articles are openly talking about the possibility of Citigroup failing, you know that we are in dire economic times. If one of the one-stop-shop giants - the banks that provide retail, commercial, and investment banking, along with numerous other financial services - goes under, the collapse of Lehman Brothers is going to look like peanuts next to what could happen next.
But given the absurd levels that Citigroup stock is trading at, one has to wonder if the clock is ticking loudly for them now. It's pretty worrisome.
1 comment:
it is worrisome, i agree. but at least we'll make it. good thing, we aren't the ones losing all of our money. but still, as long as we have decent jobs, we'll be ok. <33
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