TW: This is a good rundown of economist reactions to the latest Citi bailout. Without getting into too much detail the consensus seemed to be:
1) Citi is in very bad shape (and probably not alone)
2) The US gov't is committing massive $ with little upside and not very much pain inflicted upon Citi mgmt.
3) Even more US $ will likely be necessary for Citi eventually
4) The futures market reacted positively to the news, the economists were skeptical as to why given items 1-3 above
5) The hypocrisy of "bailing" out the Citis of the world v. the automakers becomes more clear
http://economistsview.typepad.com/economistsview/2008/11/the-citigroup-b.html
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