Wednesday, January 14, 2009

The Banks That Could See Tomorrow

Makes you wonder WHAT THEY KNEW that others did not, 'eh?

"Citi ends its one-stop approach; Joint venture with Morgan Stanley helps company streamline and raises $2.7b in much-needed cash" by Associated Press | January 14, 2009

NEW YORK - .... Bank of America and JPMorgan Chase also took fewer risks than Citi took when it came to the now-failed investments in mortgage-backed securities, and so their losses were much less than the big financial supermarket suffered....

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