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Sunday, July 20, 2008

Citigroup Center posted a $2.5 billion Loss

According to borrowerhotline, recent published reports shows more GOOD news for mortgage meltdown fans. These SADISTIC members of the "I can't take anymore" financial industry fan club will delight to know that Citigroup posted a $2.5 billion loss. This is again subject to confirmation of reports issued on Friday, July 18, 2008. Staff at borrowerhotline reported that Citi laid off more employees in the second quarter as it struggled with surging loan defaults. 7:37 a.m. ET, 7/18/08 http://www.borrowerhotline.com/

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