|
|
WEDNESDAY JANUARY 16
Ready For Your Citi-Merrill News Detox Yet? We are. But apparently nobody else is, as the media rabidly highlights CEO quotes from the Citigroup conference call yesterday as if such things were imminently going out of style (they’re not, btw) and trumpets $19.1 billion of capital infusions into both Citi and Merrill, courtesy of the ever-helpful sovereign wealth funds. So, does anyone have anything new to say about any of this today? Of course not. But they’re going to hash through the greatest hits, anyway. We would, however, like to point out one underappreciated fact: anyone else notice that banks aren’t having the slightest bit of trouble raising their gobs of cash? In fact, according to this story, the deep-pocketed sponsors are scrambling to bang down THEIR door. January 2008New User?Sign up to get free access to TraderDaily.com
|
|