In the News 11-13-08

In the News:

• Citigroup directors looking to replace their chairman – Reuters
• The Daily Telegraph reports Morgan Stanley will cut 10% of its investment bank staff
• The US Government is on the hook for $5 trillion due to the financial crisis writes Forbes
• Canadian Banks are faring quite well according to Time. Says Minister of Finance Jim Flaherty, “The credit crisis we’re facing is the result of unbridled greed. We need to bridle greed.”