• We have to fear that the insolvency problems of sovereign debtors will wreak havoc on the European banking system, which will require a hugely expensive bail out for Deutsche Bank and the others just as took place in the US for Citigroup and the others.

    FORBES: We Have More To Fear Than Fear Itself

  • The federal government stepped in Sunday night to bail out Citigroup and restore confidence in the financial system, promising to protect the banking giant against losses on hundreds of billions of dollars worth of troubled assets.

    FORBES: Uncle Sam Pumps Up Citi

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