Saturday, May 19, 2012
"Dear Angela, Dear Francois, Dear Mario" - From Citi, With No Love At All
The big banks are getting restless. Nowhere is this more evident than in the latest just released letter from Citi's European Credit Strategy, literally a letter to Europe's trio of leading politicians, which follows hot on the heels of yet another recent Citigroup missive from Willem Buiter, which was largely ignored in the noise, yet which made it all too clear that when all else fails, it is the Chairman's sworn duty to paradrop money. Because if anyone, it is the banks that know that
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment