Citibank has been rescued. Citibank is (was) perhaps the symbol of economic prosperity and pride of the wealthiest.
This could mean a complete and utter collapse of the financial markets, even if there was something left standing there. The last nails in the coffin, or is there more to come?
This also means that no financial institution today can claim to be in the secure territory. Obviously one can’t continue to blame the system. People played certain games, took certain risks or, let’s call it ‘bets’, and have landed up in a total mess.
The ripples just don’t seem to be stopping here.
Analysts have been fast changing their ‘forecasts’.
Investment Gurus/Pundits have no set ‘predictions’ to make.
Banks like Barclays host their super rich clients at exclusive locations at Lake Como, advising them how to protect their wealth in these troubled times of financial crisis.
What next ? A “little bit of comfort” perhaps – this is how James Bond’s latest title has been defined …
No “Quantum of Solace” yet as things seem to be getting from bad to worse.
