And you thought you had it bad:
The investment firm of Saudi billionaire Prince Alwaleed bin Talal, the largest private shareholder in Citigroup, posted a $8.26 billion net loss in the fourth quarter as the value of its assets dove.
I suppose we had to find someone to fill the part of “foreign investors fleeced by U.S. assets” since the Japanese engaged in the ruinous purchase (and subsequent firesale back to original owners) of U.S. real estate assets. This time it was China and Petrodollars and the assets were financial. Chant it with me: U-S-A, U-S-A….
Saudi’s Kingdom Holding posts $8.3 bln Q4 loss [Reuters]
Looks like his portfolio has a lot in common with Sen Kennedy and Sen Byrd
Kennedy’s liver dropped
Touch my mole. Love my mole. I call it Vikram.
Does this mean we can get some low mile gray market Bugatti’s at a deep discount?
Kennedy could teach Sarah Palin about a REAL bridge to nowhere
his C investment is going to zero. Tough luck big guy.
Way to go Citi ! something rhymes with Shmankruptcy doesn’t it? yes it does…good boy
I’d be feeling more patriotic if we had sold him the entire company. What’s that they say about shearing a sheep?
he just needs to dollar cost average like Cramer told me…oh and Orman…everything will be fine.
Blowing up foreign investors is not a good idea for a debtor nation…at least we are still better than Russia, right?
Fuckin’ Slikram Bandit. This is not good. President Obama will now probably have to fix Vikram’s fucking mess before we find ourselves involved in another “international incident…”
durka durka
Suck it Vik, you charlatan.
good prince / bad prince model. problem solved.
You touch my tra la la
That stasch makes me want to go gay.
you kicked my dog vs. you kicked my camel
what a maroon.
the r4g also blinks really weird, kinda like a downey….maybe that explains his investing acumen, trisomy 21
you left out the idiot germans buying chrysler at the top
@ trojan
Or the idiot 3-headed dog for trying to catch a very sharp, very briskly falling knife, despite having front-row seats to the ongoing epic failure…
Textbook! That’s how the game works kids. For all his faults (following Cheney’s lead, ever), G. W. Bush was the best stock and bond salesman that ever lived… bar none. Thanks for the memories, the bond rally and bringing the Russians to their knees, Sir.