Citi & UBS

[Merl Haggard]

AIG seeking USD75bln to shore up capital. Lost more than 60% last nite, to close USD4.76

UBS down 18%, to close CHF16.95 on fears of further writedowns.

Citigroup down 15%, to close USD15.24 on fear of Lehman impact (Lehman bankruptcy filings revealed Citi to be among their largest unsecured creditors).

 

[zhihau]

Citigroup down 15%, to close USD15.24 on fear of Lehman impact (Lehman bankruptcy filings revealed Citi to be among their largest unsecured creditors).

using left pocket to fill the right pocket isn't really feasible, or is it?

 

[Merl Haggard]

using left pocket to fill the right pocket isn't really feasible, or is it?

Their losses on Citi and UBS to-date easily amount to USD10b.

 

[makapaaa]

using left pocket to fill the right pocket isn't really feasible, or is it?

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That depends who is taking care of your left and right pockets! *hee*hee*​

 

[DIVISION1]

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That depends who is taking care of your left and right pockets! *hee*hee*​

In all fairness, this kind of international scam game is something that nobody knows for sure until it bursts. EU is talking up especially certain european countries. This is the once in a century scenario that PAP has been planning for and fears. Done right, Singapore will still come up standing with citizens supporting the government mandate for another 50 years. Screw it up................. This is the test for the Lees, something that can guarantee history books to write down facts to last for a very very long time.