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To: patron_anejo_por_favor who wrote (165145)	11/19/2008 12:05:27 AM
From: posthumousone	Read Replies (2) \| Respond to of 306849

Is this big news? Citigroup Liquidates Fund That Fell 53% In A Month - FT Nov 18, 2008 22:45:29 (ET) DOW JONES NEWSWIRES Citigroup Inc. (C) is liquidating its Corporate Special Opportunities hedge fund, which lost 53% of its value last month, the Financial Times newspaper reported Wednesday on its Web site, citing people familiar with the matter. CSO managed almost $4.2 billion at its peak and has a net asset value of about $58 million and debt of about $880 million, investors say, according to the FT. Investors in the fund will likely receive no more than $0.10 on the dollar and Citi's losses could hit hundreds of millions of dollars, the newspaper said, citing people familiar with the matter. The FT quoted Citigroup as saying its hedge funds "are subject to comprehensive internal fiduciary and risk management oversight and senior level management supervision. As with many other credit-based investment products, investment returns have been hurt by one of the most volatile periods for fixed income in history." Full story: ft.com Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: djnewsplus.com. You can use this link on the day this article is published and the following day.

To: patron_anejo_por_favor who wrote (165145)	11/19/2008 12:10:53 AM
From: XoFruitCake	Read Replies (3) \| Respond to of 306849

"Maybe then we get a viable auto industry out of this mess." I seriously doubt that we will ever have a viable auto industry for big 3.. Every single up and coming third world country start their own auto manufacturer and try to get export dollars by increasing capacity and exporting their cars. So we always end up with excess auto capacity in NA. Other manufacturer has their home country profit or government subsidy to help pay for the cost. We don't subsidize our car manufacturer (other than bailout, I suppose) so long term, Big 3 are not going to be competitive anyway. They can follow the airline industry model. Go bk, come back with new owner and finance and bk again in a few years..

To: patron_anejo_por_favor who wrote (165145)	11/19/2008 1:16:53 AM
From: Patricia Trinchero	Respond to of 306849

My husband is a wholesale car dealer and he agrees with you 100%..........it's inevitable.

To: patron_anejo_por_favor who wrote (165145)	11/19/2008 11:21:43 AM
From: MulhollandDrive	Read Replies (2) \| Respond to of 306849

several minutes ago on the CNBC round table discussion, liesman makes the brilliant<g> point to mark haines that the job losses would not be absorbed by the toyotas and the hondas in the u.s. because he notes that they are idling their plants for 2 days of the month now... lol.... um, steve, thank you for pointing out we have an OVERCAPACITY problem here and the SOLUTION is not to keep insolvent companies churning out more frickin cars! yet another case of bad money driving out good...if GM goes away, ALL of the auto makers whose cars are actually in demand (though cyclically hobbled for now) will pick up their market share