Friday, March 06, 2009

Mr. Geithner, are you awake?

US Treasury Secretary Tim Geithner is still playing with his "stress tests" to determine whether any major bank is or is not under water, and if former, how much. Obviously he couldn't make up his mind or didn't know how to.

The market has done that for him. Today, Citigroup share has gone below $1 in intraday trading. The investing public is telling Mr. Geithner that the bank is bust.

1 comment:

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