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Old 10-08-2008, 01:30 AM   #27
ralok_j
Avalon Senior Member
 
Join Date: Sep 2008
Posts: 124
Default Re: Up to the minute news....

Quote:
Originally Posted by Contra View Post
First Time Poster long time lurker!

Citigroup to slash 8500 brokers...............this is just the beginning for citigroup!

http://ml-implode.com/ailing/lender_...008-10-07.html

my2c

Hey can you see my avatar or doesnt it come up for the poster??
A little more specific, mortgage brokers. These are not Citi employees, rather they broker mortgages to Citi. And, Citi is in better shape than you think. If you really want to question the health of a financial institution, look a BAC. I haven't looked at their balance sheet, but the issue they are floating tomorrow worries me.
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