[PEN-L:30045] Re: citigroup

["pms" <laflame@xxxxxxxxxxx>]

Gee.  Why do I keep coming back to this paragraph?  Currency manipulation,
monetary inflation, bubble.  All in the past, eh?
> >
> Both men are long gone from the firm: Mr Meriwether quit to set up the
Long-Term
> Capital Management hedge fund that caused near chaos during the 1998
emerging
> markets crash and had to bailed out by Wall Street; Mr Gutfreund became
one of
> the casualties of the treasury bond scandal that gripped Salomon Brothers
10
> years ago and again raised questions about the financial sector's culture.
>
> An arcane business to some, the treasury bond market is crucial to the
> functioning of the US economy, setting the rate at which the country
borrows
> money to keep capitalism rolling.
>