Zero Hedge:
How many times can one of the world’s worst-managed and toxic-laden companies be on the verge of bankruptcy? As long as Obama is president, one could answer “in perpetuity” although CIT may finally be on its last breath. The WSJ is out with this stunner:
The fate of CIT Group Inc. was hanging in the [...]
little bit old but worth time, by Nadeem Walayat
Ai note: please note that we do not have confirmed sources of this information
in February, this source said that in May June timeframe, foreign creditorsnwill put the screws to the US bankers, who are recognized as totally corrupt foreigner big bankers want to remove some power levers [...]
Ai note: message out during the night, not to say that the font of this article was so small that the main text looked bigger. Media what are you about? I don’t get it. Your job is giving us information, not to protect us and government from bad news.
Marketwatch:
Bank of America and Citigroup are working [...]
Ai: unbelievable. They are arguing about the revenues…using first quarter revenues to calculate potential losses. How long can people listen to shit like this.
WSJ:
Citigroup Inc. may need to raise as much as $10 billion in new capital, according to people familiar with the matter, as the government continues negotiations with banks over the results of [...]
Now Hiring Credit Analysts: The PPT (Self Administered 401k Included) (ZeroHedge)
Swine flu spread points to global pandemic (FT.com)
Obama Orders Probe of Flyover (WSJ)
Citi Seeks Approval to Pay Out Bonuses (WSJ) Bonuses? Shareholders where are you? Bonuses for what? Bringing the company underwater?
After Off Year, Wall Street Pay Is Bouncing Back (NYT)
Invesco And Ross to Invest $1 [...]