Wednesday, November 19, 2008

Citigroup & JP Morgan Need to Raise MORE $$$??

So I have posted earlier on my blog re: Citigroup and my thoughts that they were in dire straights. The reason that The government gave four banks $25 billion was so that no one would shoot Citigroup after they were the only ones getting $$$. They would stand out from everyone else.

Now this guy from Institutional Risk Analytics is saying JPM will need more $$$?

Both $$$ mentioned are very scary. Guess I'll keep on building cash for awhile! My Jan-09 target for cash building is now moving to March-09.

Dan Ross

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