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Uh huh...sure it is. When a bank posts $10B losses, we know we're nowhere near "OK" territory.
It's been said the only sure things are death and taxes. The banks enjoy the low profile of not being included on that list for their ability to make money in any economic climate, but perhaps that's not as sure as it once was...
It's been said the only sure things are death and taxes. The banks enjoy the low profile of not being included on that list for their ability to make money in any economic climate, but perhaps that's not as sure as it once was...
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Even so, Citigroup buys obviously bad debt, Citigroup can pay the obvious penalty.
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