Word: crediteers
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...Citigroup was never a real company, from the day it was formed until today. With four huge business units and dozens of operations in scores of countries, the notion that a consumer-credit-card operation under a common roof with a corporate-lending business should be helpful to either business was ridiculous...
...Selling off the assets that Citi does not want may be tricky, especially in a market where credit is so tight that even attractive businesses can't be sold...
...Citigroup (C) could be more than $10 billion. Bank of America is expected to turn in a $3.6 billion loss. Those figures do not include JP Morgan (JPM), Wells Fargo (WFC), Morgan Stanley (MS), Goldman Sachs (GS) and a number of deeply troubled overseas companies including UBS (UBS), Credit Suisse (CS), and Barclays...
...dreadfully bad 2008, Subaru officials aren't planning on lowering sales this year. At Detroit's North American International Auto Show, Subaru unveiled a concept car that will likely evolve into a midsize sedan version of its Legacy. And on a broader note, Doll says that more available credit and Barack Obama's stimulus package should get additional buyers into showrooms. Of course, if all else fails, there are always those folks who bought an Outback 7.3 years ago - and are ready to return...
...though, there's a difference between self-pity and self-reflection, and it's not clear that Bush has made the distinction. True, he deserves credit for speaking so bluntly about so many of the things that went wrong during his presidency. And he is clearly working hard to understand what he might have done differently: he laid out in detail how he had reflected on whether or not he should have landed Air Force One in Louisiana after Hurricane Katrina, and argued passionately that in retrospect, he made the right decision in not burdening local officials with his presence...