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**SimSlim** · 11-24-2008, 12:23 PM

This is not the solution. More troubles are ahead for citi. $300 billion is a fraction of citi's total assets. But that should give it enough breathing space for the next couple of months.

I think it's conceivable that at the end of this crisis, ALL of Wall Street's highly leveraged financial institutions will be nationalized. Common shareholders of Morgan Stanley, Goldman Sachs, Bank of America, JP Morgan Chase, Barclay's, Banco Santander, Credit Suisse, Deutsche Bank, HSBC, UBS are ALL at great risk of being wiped out. It's likely that world's financial system will be fundamentally changed.

This is a very dangerous time for small investors.

11-24-2008, 12:23 PM	#13
SimSlim Join Date Oct 2005 Posts 503 Senior Member	This is not the solution. More troubles are ahead for citi. $300 billion is a fraction of citi's total assets. But that should give it enough breathing space for the next couple of months. I think it's conceivable that at the end of this crisis, ALL of Wall Street's highly leveraged financial institutions will be nationalized. Common shareholders of Morgan Stanley, Goldman Sachs, Bank of America, JP Morgan Chase, Barclay's, Banco Santander, Credit Suisse, Deutsche Bank, HSBC, UBS are ALL at great risk of being wiped out. It's likely that world's financial system will be fundamentally changed. This is a very dangerous time for small investors.
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