Friday, April 18, 2008

Will it still be called Citi Field?

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.


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