November 5, 2007

Wall Street cringes as Citi revives fears (Reuters)

A foreclosure sign in front of a home at 1456 Albillo Loop in Perris, California May 2, 2007. Fear and mistrust gripped Wall Street on Monday after Citigroup's CEO quit in the wake of mounting credit losses and an influential money manager called the subprime mortgage market a '$1 trillion problem.' (Mark Avery/Reuters)Reuters – Fear and mistrust gripped Wall
Street on Monday after Citigroup’s CEO quit in the wake of
mounting credit losses and an influential money manager called
the subprime mortgage market a “$1 trillion problem.”

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