cnbc.com — Citigroup could write down as much as $24 billion due to subprime and credit-related losses, CNBC has learned. In addition, the company could lay off as many as 20,000 workers as part of a comprehensive plan to slash costs and raise capital.
Jan 14, 2008 View in Crawl 4
christianptriotJan 14, 2008
Layoffs, buy-downs, foreign companies buying up major portions of US Financial corporations - does anyone else see a problem wiuth this? At this rate, the US won't be the US in a few years - we'll be a subsidiary of the rest of the world.
avengingturnipJan 14, 2008
Wasn't that the plan? How could a harmonious global community be economically and militarily dominated by the superpower U.S.? It can't; so we cannot be what we were.