"April 18, 2008, Citigroup (NYSE: C) Reports Net Loss of 5.1 Billion For First Quarter, -$1.02 per share"
What does everyone think of this? It's one creditor after another that's taking hits. I wonder if we've seen the worst of it yet or if there's still more bleeding to go?
Apparently Citi's loss was "primarily" because of "fixed income" and "higher consumer credit costs" so I wonder if people are defaulting on payments of their credit cards too?
Citi has treated me pretty well so they're not a company I want to see bleed. No there's another credit card company I'd love to see hurting but I won't say their name.