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Citigroup Plans to Split Itself Up, Taking Apart the Financial Supermarket
ERIC DASH
NYT, January 13, 2009
http://www.nytimes.com/2009/01/14/business/14citi.html
Citigroup Ready to Shrink Itself by a Third
DAVID ENRICH
WSJ, JANUARY 14, 2009
http://online.wsj.com/article/SB123185686674677225.html
"Overall household indebtedness is up from $7 trillion to almost $10 trillion since 2000. On this sum, we estimate, the American consumer has an annual interest bill of more than $500 billion; a sum, by the way, that vastly exceeds his current income growth." —Kurt Richebacher
Knowing that the vote over the weekend in Greece was really a referendum on Euro membership, a majority of the Greek Parliament said yes to staying. European Finance Ministers meet again on Wednesday to solidify the 2nd bailout package for Greece at the same time hopefully a deal is consummated between Greece and its creditors this week. The Greek 14.5b euro bond that matures on March 20th is up by 2 pts. The optimism that all will be completed and contained AGAIN to Greece has yields lower in Portugal, Spain and Italy. The iTraxx Financial Index is also narrower by...
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