Category Credit crisis

Dealbreaker on the future for Citigroup

But wait, could a rescuer be coming? Somali pirates in discussions to acquire Citigroup (C) The pirates will finance part of the purchase by selling new Pirate Ransom Backed Securities. The PRBS’s are backed by the cash flows from future…

Dow closes below 8000

Photo from The Brokers With Hands On Their Faces Blog Other major indexes besides the Dow got whacked, closing at multi-year lows. 8000 on the Dow was where major support was, and a battle had raged there for weeks between…