Bailouts and Restructurings
January 16, 2009 at 09:22 AM EST
The news today about Bank of America (BAC) (bailout) and Citigroup (C) (restructuring) has both names indicated higher along with the broader market but this entire episode continues to fascinate. The short term implication is probably positive (said with not much conviction) but the longer term implication is…well…what exactly is it? Regardless of what you thought [...]