Citadel Suspends Withdrawals to Halt the Run on Two Funds

``The hedge funds like Citadel and Fortress resemble the private banks of New York in the early 1900's in many ways... The Fed and Treasury have given away three trillion dollars at least so far, with commitments to give away five more. It only seems to be a deflation if you are not on the list of the chosen few, and take a shower before leaving for work instead of after. In the short term deleveraged cash is king, no doubt about it. Risk is still high, and we have much further to do to the downside. Stocks are poison and debt is unstable.''