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Week in Review #26 (2008-06-29)

Posted on June 29, 2008

The Financials dropped -6.2% this week. Without help from the Fed, Humungous Bank & Broker could be called Tiny Bank & Broken. It is shocking how much capital has been lost to investors in this sector. From its high price just over 12 months ago, Citigroup (C) has lost more than a one-fifth of a trillion dollars of shareholder wealth, i.e., $200 billion in lost market capital plus the billions in new equity infusions. ...

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fed , the fed