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Thursday, March 20, 2008

Citibank is technically insolvent

That's what Robert Manning said to the Italian magazine Il Manifesto and I found reproduced in Sin Permiso:
Citibank is already insolvent and may not survive.
Hmm... I never heard before of that Bear Stearns bank nor Thronburg Mortgage. But Citibank is something to worry about, I guess.

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