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James Cullen » Comments » BK

  • Stress Test Results Are Out - Leaks Were Right [View article]
    >>>Tyler said: And, of course, all leaks were right on the money.

    False, unless you have a very loose interpretation of "right on the money" - just days ago, your own headline (via the WSJ) said that Citigroup needed "up to" $10 billion in new capital. But in these times, what's overshooting by a couple billion, right?
    May 07 22:34 pm |Rating: +5 0 |Link to Comment
  • Bank Bailouts and Trust Preferreds: Still Too Much Risk Here [View article]
    Chrispy,
    I'm not sure I understand what you're saying. And are you differentiating between preferred stock and trust preferreds (i.e. subordinated debt)?
    Feb 27 17:41 pm |Rating: +1 0 |Link to Comment
  • Bank Bailouts and Trust Preferreds: Still Too Much Risk Here [View article]
    Citi's trust preferreds are up about 25% today... it isn't so much the risk that stopped me from buying, as it is the expected long-term returns at current prices. Still, a very good trade for those who have it on.
    Feb 27 11:14 am |Rating: +2 -1 |Link to Comment
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