Citigroup calls emergency board meeting

[financeguy]

http://www.telegraph.co.uk/news/main...3/wciti103.xml


Hmmmm.


Edit:- Citi's CEO Charles Prince to resign.

http://online.wsj.com/article/SB1194..._whats_news_us

One fancies next week will be interesting for the financial markets.

[melon]

Originally posted by financeguy
One fancies next week will be interesting for the financial markets.

It tends to tell me that we'll be dealing with some bargain-priced financial stocks eventually, if this contributes (in addition to the usual subprime concerns) to a long-term devaluation in the industry.

I guess now the question is how far they all have to fall first.