2007-10-02 — elliottwave.com
"On October 1, the headline-grabbing news event known as “The Citigroup Shock†sent shudders down the spine of the entire financial world. In short: Citigroup Inc., the largest U.S. investment bank, revealed a 60% drop in earnings from a year ago after taking a $3.3 Billion (and counting) loss on subprime mortgages gone bad. "
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