Debt Rattle, April 18 2008: The world�s biggest sucker

Ilargi: Ever more billions disappear. Today it�s Citi and Merrill Lynch, tomorrow it�ll be their neighbours. But it doesn�t matter anymore. Shares go up. Citi reports $5.1 billion in losses, on top of $13 billion in writedowns, and its stock goes up by 8%. It's a whole new world.And you're thinking: how did that happen? Well, take a look at the media quotes this morning: "People are getting the