Like I said "you did not know before Friday"! I really don't see the worry here! HSBC is going to sell $17 Billion of NEW stock to bolster it's Capital! At least Citi converted it at $3.25 and not market value!
Besides I am NOT screwed! I have a current Avg of $1.45 and I am VERY happy with that! Should it dip further....I will buy more! This bank (or any other major) WILL NOT FAIL! Well if another Bush ever gets back in office I may have to rewrite that statement!
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