Day: November 21, 2008
Dividing the Spoils
Um, Alison, I’m not sure if this what John Quiggin meant when he said “Citigroup’s global operations are too big for the US to handle alone.”
Still, your scoop does lend credence to the theory that modern capitalism was invented by pirates.
Related: For more on Citigroup’s woes (and how fucked we are), see The Wall Street Journal, Yves Smith, and Shaun Mullen, who wryly observes that “[b]eing shocked [by the economic freefall] implies that you still have faith in government and the markets.”