Found an interesting quote from a Professor John Eatwell on the web:

..............markets are driven by average opinion about what average opinion will be...................money markets and foreign exchange markets become dominated by simple slogans..........public expenditure bad, private expenditure good....................even when those slogans are persistently refuted by events..............."the markets" are basically a collection of overexcited young men and women, desperate to make money by guessing what everyone else in the market will do. Many have no more claim to economic rationality than tipsters at the local racetrack and probably rather less specialist knowledge."

I find it hysterical that the Chinese Communist Party will now have material interests in 2 major US financial institutions (Citi & Morgan Stanley). It makes the cold war, vietnam and the domino theory (plus all the lives lost) a paranoid misguided exercise. The hippie were right. When will the right start ranting "who lost wall street ?!?!" ?

This scenario will play over and over and over again before all is said and done. This is still the 1st inning.

WITH THAT 20,000 GETTING LAID OFF, FOR THE ONES WHO VOTED GOP IN 00+04, YOU KNOW THAT MEANS HARD TIMES FOR WORKERS, YOU GOT ONLY YOURSELVES TO BLAME!

Bush fiscal policy,,,,, dangerous to national security.......ABSOLUTELY

I hope Citibank lays off some people in the credit card collection office.

20,000 get the axe and 24 billion gets written off. Does that mean the CEO gets a 20 million dollar bonus? After all, he did save the company all that health insurance money. He saved the company a lot of money and made it a lean and mean company. He deserves the bonus and a big raise to boot.

20,000 pink slips mean nothing. PLEASE let's stick to the important topics: we have Britney, Lindsay, Paris, K-Fed, and the latest: Tom Cruise!

Huckabee tells Michigan voters the big three will bring your jobs back to the state.

The Father, the Son, and the Holly Ghost.

All you have to do is believe.

Romney adds, Don't forget the Latter-day Saints!

The question is will City Bank's CEO keep his job or walk away with a big fat check. US CEO's are getting paid to fail, not to succeed in business anymore. Their big pay checks, stock options, bonuses and buy outs are cutting into to the deeply into the bottom line of the companies they run while at the same time running their companies into the ground. This unsustainable business model is unheard of in Europe and Asia.

In the late 90's I listened to a panel of CEOs blasting the Japanese business models as not being aggressive enough, they simply are to conservative and to loyal to their employees one said. And whom did Toyota just pass in auto sales, that's right, Ford and GM will be next.

Don't forget that Citigroup was among those crooks who helped Enron in its infamous crime not too long ago. Citigroup is controlled largely by the Saudis, Bush's buddies.

With the Bush government in power, Citigroup would have an easy time to rob the American people using claims that give them 'access' to our billions of tax dollars (bailing money).

Like Halliburton and Blackwater, Citigroup is among those parasites that take advantage of the deep corruption and incompetence of the Bush government to rob the American people blind.

The good Americans must do all they can, including praying, to put an end to the tyranny of the Bush regime as soon as possible. Every day we allow the a-hole Bush to eat up our tax dollar, it'll take decades - if not centuries - to reverse the damage the bastard has done.

As to Citigroup, I do not care if the whole corrupt company goes to hell. In fact, Citigroup deserves to go to hell for its disgusting business tactics and horrific customer service (Citibank, the worst of all banks).

And from the great beyond, Steinbeck laughed.

They don't SERIOUSLY think we'll buy the lie that they have $24 BILLION in defaulted loans? Give us a friggin break, there would be bread riots if things were that bad.

The sick truth is that Citi was being run like Enron. Their balance sheets, now that the offshore funnybusiness has been expodes, look really really bad. Plus they're belligerent a-holes who break the law with impunity.

Okay, these banks have screwed the country, the people who work for them, and just about everything else. When are they going to cut or defer their dividends to stockholders?

Hope those 20,000 stalk Mr. Rockefeller every day of his remaining life on earth.

I hear California's large farming outfits are always looking for help picking vegetables.