High and Mighty Citigroup posts $ 9.8 Billion loss and wrote off $18 Billion in bad debts, all due to the US' worsening mortgage woes. Countries like Singapore, some Gulf States and the State of New Jersey immediately infused billions to rescue the falling Giant.
Merryl Lynch also sought about $12.2 Billion in fresh bail-out infusions from oil rich states . . .
Tsk tsk tsk signs of the time eh . . .
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