Citi to take $8 billion to $11 billion in additional writedowns

Quote from The Kin2:

Citi fail? That gives me a hardon! Really.

F City. The amount of junk mail this one company has sent me over the last 10 years is sickening.
 
Quote from THE-BEAKER:

the us banks are virtually bankrupt.

the investment banks are worse hit.
How are they bankrupt? What effect on near-term cash flow does the marking of bond-like securities have?????????? Thanks for explaining.
 
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