Friday, May 9, 2008

Debt Rattle, May 9 2008: The Price of a Fire Sale

Russell Lee: Oklahoma City, Oklahoma - July 1939May's avenue camp, an agricultural workers' shacktown. Child drawing water. Please see also The World Has Not Always Been This Way Ilargi: It�s amusing this morning to see the attempts to put a positive spin on Citigroup�s unequaled $500 billion fire sale. The number, which allegedly equals some 22% of Citi�s assets, was announced in a conference

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