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To: MythMan who wrote (364192)	4/1/2008 8:52:15 AM
From: Real Man	Respond to of 436258

We only do that at night. -g-

To: MythMan who wrote (364192)	4/1/2008 8:53:33 AM
From: Giordano Bruno	Respond to of 436258

Here crazy man Goldman Cuts Estimates On Citigroup (C) And Merrill Lynch (MER) Goldman Sachs believes that Merrill Lynch (MER) and Citigroup (C) may have to "post $14 billion in writedowns on assets linked to collateralized debt obligations." ``If our forecasts are correct, it is likely that these firms may need to raise additional capital in coming months,'' the analysts wrote, adding that the firms could sell shares, assets or cut dividends according to Bloomberg. Douglas A. McIntyre

To: MythMan who wrote (364192)	4/1/2008 8:56:21 AM
From: Giordano Bruno	Respond to of 436258

The Hedge Fund Industry Begins To Crack Hedge funds had their worst first quarter on record. Some have already started to fail, and others are likely to . According to the FT "This year has seen a series of hedge fund blow-ups as banks pulled leverage or investors demanded their money back from illiquid strategies." While the news is awful for hedge fund investors, it may be worse for banks. Selling off a failing fund's assets may not yield enough to cover loans. That, in turn, creates more write-offs. No virtuous cycle here. Douglas A. McIntyre