Thursday, November 29, 2007

Private placements

Another financial instiitution that had had major writedowns gets a cash infusion.Bloomberg.com: Worldwide: "-- E*Trade Financial Corp., the U.S. discount broker grappling with mortgage losses, will get a $2.55 billion cash infusion from a group led by hedge-fund manager Citadel Investment Group LLC."This is on the heels of Citi getting $7.5 Billion from Abu Dhabi."Investors seem delighted that

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