[Tyler_JC]

That video is absolutely terrifying.

If I had any unsecured money in Citibank, I'd be moving it the hell out of there immediately.

[vilemerchant]

LOL I thought you guys would enjoy it.

[deMolay]

Report on Business

[biofuel13]

For the love of god....just merge this with the layoff thread. How many frakin times are people going to post individual layoff threads?

Use the GD search function before you post another thread. It's pretty simple.

[galacticsurfer]

actually your response is pretty ironic Demolay. suppose there were a war and genocides thread and somebody came along with a post about another small holocaust of 20 million or so over the weekend and you said. " We already have a thread about that for chrissakes":)

[Daniel_Plainview]

50,000 layoffs within 6 months is indeed dramatic.

[deMolay]

Bio113, forget your meds this morning.

[lateStarter]

$this->bbcode_second_pass_quote('DoomWarrior', '5')0,000 layoffs within 6 months is indeed dramatic.

[biofuel13]

$this->bbcode_second_pass_quote('deMolay', 'B')io113, forget your meds this morning.

[deMolay]

Well it seems that every morning the headlines become more dramatic and the numbers bigger. The trickle has become a stream, the stream a river and the river a flood. And everyone is trying to scramble up the walls to safety.

[KevO]

we need Morpheus to show us how deep this rabbit hole goes

$this->bbcode_second_pass_quote('', 'U')S bank Citigroup has announced plans for about 53,000 new job cuts, on top of a previously announced 22,000.

Citigroup said the 75,000 job cuts represented a reduction of about 20% of its staff, leaving it with 300,000 jobs worldwide "in the near term".

[lowem]

That leaves them with 300,000.
I wonder if that would still be 200,000 too many ...

[deMolay]

Lowem is that a pitchfork in your hand?

[lowem]

$this->bbcode_second_pass_quote('deMolay', 'L')owem is that a pitchfork in your hand?

[galacticsurfer]

GE also in DEEP SH*T

http://www.minyanville.com/articles/WMT ... ex/a/20014

$this->bbcode_second_pass_quote('', '
')General Electric (GE), that legendary American institution, is in deep trouble. It’s one of the few companies in the US that still retains its AAA rating - but, considering the rating agencies’ track record, that AAA isn’t worth the paper it’s written on.

[ReverseEngineer]

$this->bbcode_second_pass_quote('lowem', 'T')hat leaves them with 300,000.
I wonder if that would still be 200,000 too many ...

[Gorm]

I dont think one man is enougth. 2 - 3 years ago an article stated that a bank needed 20 to 25 people to run its operations. No links, just my memory.

[lowem]

$this->bbcode_second_pass_quote('Gorm', 'I') dont think one man is enougth. 2 - 3 years ago an article stated that a bank needed 20 to 25 people to run its operations. No links, just my memory.

[RSFB]

$this->bbcode_second_pass_quote('ReverseEngineer', 'T')he Banking Industry doesn't need ANY workers. The whole industry can be run by Henry Paulson from his Laptop. He can write checks to himself, borrow from himself at Zero Percent and charge himself 18% interest on the money he borrows to make zillions on the money Ben printed for him yesterday.

It only stops working when he can't afford to buy any more ink.

Reverse Engineer

[deMolay]

Reverse Eng. is right about the cost of ink. I have a keepsake from the German hyper inflation period in the 1920's. Actual Mark notes from the beginning, about midway through and at the end. They started out as big beautiful high quality artistic pieces of paper, they became smaller and smaller and findly about 2"X3" and only printed on one side. Reason the paper and ink had more value than the fiat money.