Citigroup, prime mover behind Wall Street’s master conduit scheme, may be facing trouble, and big declines in earnings, but it’s still lending. The bank has just leoaned about $500m to a structured investment vehicle run by IKB, the German bank that was bailed out in July, it emerged on Monday. Citi has taken a reserve of almost $100m against the loan.
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Lunch is for wimps
It's not a question of enough, pal. It's a zero sum game, somebody wins, somebody loses. Money itself isn't lost or made, it's simply transferred from one perception to another.
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