Wednesday, January 9, 2008

Citigroup, Merrill Seek More Foreign Capital (C; MER)

UPDATE: We do a little editorializing here.

Good Grief.
A snip from the Wall Street Journal:
...Merrill is expected to get $3 billion to $4 billion, much of it from a Middle Eastern government investment fund. Citi could get as much as $10 billion, likely all from foreign governments.