Shareholders

(Community Matters)
I’ve been against the idea of rescuing shareholders at banks; however, a couple of lines in today’s Thomas Friedman column give me pause.

Nationalizing Citigroup may sound good on paper, but putting Citigroup into receivership could trigger all kinds of defaults on derivative contracts that it has written . . . . set off more falling dominos, a la Lehman Brothers. Posted from my blackberry.