Wachovia just pretty much caved. I think they are going to keep some management asset businesses and get $1 a share of Citi group stock. That is pretty much a major loss for shareholders.
-SWUSC
`Everybody is ignorant. Only on different subjects.' Will Rogers
"This is the shabby secret of the welfare statists' tirades against gold. Deficit spending is simply a scheme for the "hidden" confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard." Alan Greenspan, 1966.
The Crisis
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Posted - 09/29/2008 : 07:43:43
