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Thread: Citigroup suffers a huge loss and world stock markets trembles
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[quote=MARRIE,266272]bank happily loans to builders as long as they can sell the loan pushing risks to fannie mae, howerver, mass new built houses out there cannot find owners because of the salaries cannot cover the cost of owning a house, so it seems even int. payment of tillions of mtg bk bonds cannot be recovered...that they raise foreign capital and ask for fed reserve lower overnight rate is economic way , citi has other problems see quotes below: [/quote]
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