[RT] Re: Credit Losses Could Top US$1 Trillion: IMF

[Ben <profitok@xxxxxxxxxxxxx>]

citi just announced a deal to sell 12 billion of their credit problem potfolio

most likely  a hedge fund paying them 10-15 cents on a dollar

----- Original Message -----

Subject: Credit Losses Could Top US$1 Trillion: IMF

The effects of the credit crunch are likely to be broader, deeper and
more protracted than previously expected, the International Monetary
Fund (IMF) has warned in its Global Stability Report.
....On Wednesday the IMF is also expected to downgrade its forecast
for the world economy, and accept that a sharp slowdown is likely in
the US.
http://www.newsroomamerica.com/business/story.php?id=414048

---

No virus found in this incoming message.
Checked by AVG.
Version: 7.5.519 / Virus Database: 269.22.9/1365 - Release Date: 4/8/2008 7:30 AM

__._,_.___

Your email settings: Individual Email|Traditional
Change settings via the Web (Yahoo! ID required)
Change settings via email: Switch delivery to Daily Digest | Switch to Fully Featured
Visit Your Group | Yahoo! Groups Terms of Use | Unsubscribe

__,_._,___