The Washington Post reports today, that Citigroups lost $5.1 billion after writing down more worthless assets. The company is continuing to restructure and realign its assets, announcing lay-off for 9,000 more workers.
To our economists out there, have we seen the bottom? Policymakers are considering further action to help the financial system rebound. I believe they should do nothing.
Takes?
Friday, April 18, 2008
Will it still be called Citi Field?
Posted by JamesBedell at 2:25 PM
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