Eugene David
...The One-Minute Pundit

Monday, October 01, 2007


Good news:

Citigroup Inc said Monday it expects third-quarter profit to fall 60% from last year after huge write-downs for unsold debt it issued to finance corporate takeovers and big losses on the value of subprime mortgage-backed securities.

I guess today will be a HAP-PY day on Wall Street!

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