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Bank Of Countrywide Lynch and Citi in Full Panic Denial Mode

Tyler Durden's picture




 

Both out with rose-colored releases to CNBC: Citi claiming its capital base is strong and it continues to streamline business (coach class tickets likely to be verboten as well soon), while BAC claiming there is no reason to nationalize a bank that is profitable, well-capitalized and has the coolest office furniture this side of Sir Stanford's corner office cum cricket field.

Some other pessimism porn:

  • Alcoa at lowest since 1988
  • GE at lowest since 1995
  • Kraft all time lows since 2001 IPO
  • Boeing at lowest level since 2003
  • GM lowest since the first great depression

 

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