TeakDoor.com - The Thailand Forum - View Single Post - A note of caution for those with deposits in US Banks

07-03-2008, 05:42 AM

Corporate Bond Risk Soars as Concerns of Bank Failures Grow
By Shannon D. Harrington

March 6 (Bloomberg) -- The cost to protect corporate bonds from default soared to a record as hedge fund failures and rising bank funding costs stoked concern that a financial institution may collapse.

Real bad stuff:

Bloomberg.com: Worldwide

Personally, I would not maintain funds in Citi from this point forward, FED guarentee or not. Citi has so many accounts that their collapse would paralyse the FED. I believe that Citi is now doomed to collapse...

07-03-2008, 05:42 AM	#33 (permalink)
bkkandrew Guest Posts: n/a	Corporate Bond Risk Soars as Concerns of Bank Failures Grow By Shannon D. Harrington March 6 (Bloomberg) -- The cost to protect corporate bonds from default soared to a record as hedge fund failures and rising bank funding costs stoked concern that a financial institution may collapse. Real bad stuff: Bloomberg.com: Worldwide Personally, I would not maintain funds in Citi from this point forward, FED guarentee or not. Citi has so many accounts that their collapse would paralyse the FED. I believe that Citi is now doomed to collapse...