Friday, Feb 20, 2009
The government will take them over within the next 60 days. The announcement may come as soon as to
Chartingstocks.: Gone in 60 Days: Citi and Bank of America Won’t Live to See May
The US government has already committed half a trillion dollars to these two firms which is more than 10 times the amount it would cost to buy and control both companies. The market doesn’t believe that $500 billion is enough to save these companies.
All the kings horses and all the kings men can’t put humpty dumpty back together again.
Posted by chris @ 06:41 AM (359 views) Add Comment
3 Comments
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1. charlie brooker said...
Interestingly Humpty-Dumpty was supposed to have been a gun used by the Royalist forces on the top of a church near the wall surrounding Colchester during the Civil War.
http://www.rhymes.org.uk/humpty_dumpty.htm
2. 51ck-6-51x said...
I think Citi will be split - maybe some of the divisions will be nationalised though (maybe as a bad bank).
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