Rhatid bear Stearns haffe ask for a bailout

[Islandman]

from the govt. This credit crisis seems to be entering a new and more dangerous stage.

I suspect Citigroup or some other major bank will be crying for help soon.

[Me]

Citi has the deposit base to soften their blow just like JPM, BofA and Wachovia.

Wells Fargo (not much Invest Banking operations though) seems to be the only major bank that doesn't have much exposure to sub prime. Althouth they do have the slight issue of their concentration in Cali and the surrounding markets. Buffet has been increasing his share in the company.

[Islandman]

Yes most of them seem to have gone in way over thier head.

I suspect Citi of not coming clean yet though. I don't expect them to fail or anything that dramatic but wouldn't be surprised if they have to run back to those Middle Eastern or Chinese funds for some cash again.

[Mosiah]

Nuh Bear Stearns tek it pon demself fi credit rate all kinda people including Jamaica!?

heh heh!

[MdmeX]

Nuh Bear Stearns tek it pon demself fi credit rate all kinda people including Jamaica!?

heh heh!

Mo - now is your turn to gi dem a rating

[Mosiah]

Mi nuh rate dem none at all!

[Willi]

from the govt. This credit crisis seems to be entering a new and more dangerous stage.

I suspect Citigroup or some other major bank will be crying for help soon.

Just gwaan buy gold and chill.

LoL

[Karl]

from the govt. This credit crisis seems to be entering a new and more dangerous stage.

I suspect Citigroup or some other major bank will be crying for help soon.

Citi get help a-readi!
Yuh figet di funds injected from outside of the country sources?

...but yuh rite fi tink dat before dis ting ova more banks affi get help!