Cesar Valencia

Citi's Desperate Straits

How about Citi getting out of its trouble by ceasing to exist. Their mortgage back security portfolio hasn't even been written down. They have a couple trillion in CDS exposure. And the real problem with C is that its leadership has no idea what to do to right the ship. In better times that might have been an opportunity to buy low with the hopes that everything would be better in the future. But if you've ever read anything about financial history and you truly understand what's going on right now, you know that not all the banks are going to be around when all is said and done.