Getting in deeper

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Today two zombies, AIG and Citi, both came back to the well. AIG, whose stock is now a penny stock(!), is talking with the FED about more money. Citi wants the government to become a 40% owner. Other large banks will be next, and who knows what other companies. In for a dime, in for a dollar.

Sooner or later, I expect that we will learn that the AIG company is shot through with fraudulent accounting, its history being what it is.

Hands off would have been so much better.

4:36 pm on February 23, 2009
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