Failure to Launch

By Jon Nadler
11 November 2008 @ 09:39 am EDT

Although confidence still shows hardly any signs of making a return, other components of the financial world indicate that some work is in progress, and that we can eventually expect some visible results. For example, Citi is trying to work things out with half a million of its mortgage holders who owe it some $20 billion, and who may be fretting about being able to celebrate the coming holidays at their address of record. However, the economic roster is looking more like a hit list drawn up the Bada Bing, over in Jersey.

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