Saturday, November 22, 2008

What Becomes Of Citi?

There should be some news on Citigroup tomorrow. Any bets? I'm of the opinion that they announce discussions about major spin offs and try to tough it through. Here's a link to a Telegraph article musing about the outcome.

Regardless, of what happens tomorrow, unless the market eases up on them they're toast. My bet still remains a government take over or quasi-nationalization.

Tom Lindmark