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No Word On The Cost Of All That Red Ink


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]