Thursday, February 19, 2009

CITIBANK BANKRUPT? (STILL)

Citibank in Denmark has stopped lending money, and Professor Finn Østrup at the Finance Institute of the Copenhagen Business School states this just might be a symptom that Citibank is still insolvent. There have been warnings of the insolvency of many Wall Street entities since 2007! Looks like the Central banks will need to throw tons of liquiditiy at this monster...

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