Sunday, November 23, 2008

Citi Rescue Coming

Details remain hazy, however, I remain convinced that there will be no significant dilution of Citi stock. Which means it won't be like the Bear Stearns rescue or the Lehman Brothers collapse or the Freddie and Fannie rescues.

NYT says as much in its report on the developing rescue:
If approved, the plan could serve as a model for other banks, heralding another shift in the government’s morphing financial rescue.

No comments:

Post a Comment