The Sub-Prime Mortgage Crisis Is Not Over

Citigroup, Inc. is expecting a huge 3rd Quarter earnings drop, maybe as much as 60%; the company expects to report losses of $1.3 billion on the sub-prime loans, and another $600 million in fixed-income credit trading.

Citigroup may very well be the world's largest corporation, with assets totaling $2.2 trillion; they hold 200 million customer accounts in 100 countries. Needless to say, these losses probably won't put Citigroup under, but if these kinds of problems continue to pop up across the financial sector, some of their smaller competitors may be forced to sell out or shut down,