The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: ChanceIs who wrote (155443)	10/8/2008 6:33:19 PM
From: Think4Yourself	Read Replies (1) of 306849

9) once upon a time Citi was sitting on a bunch of bad Argentine debt. The CEO woke up one morning and decided to write it down to zero. Citi went up 20% that day, Too bad all the current financial CEO's are too brain dead to understand this simple fact. They are doing far more damage to their companies by trying to "save" their companies (i.e. hide their past incompetence). Maybe firing all the CEO's/Directors and replacing them with competent outsiders would help? Couldn't do any worse than the current crop of losers running the show.

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