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  • The End of Citigroup [View article]
    Citigroup is a constant eyesore. It is worse than bankrupt. It has so much toxic off balance sheet derivatives it could sink the entire US economy. Rather than worrying about succession I think everyone there is worrying about how much they can cover up so they don't end up in Prison Inc.

    Thank goodness it will no longer be in Paulson's hands. He seems to rather funnel an infinite amount of money to them than see them go down. I wonder what accounting there has his fingers on it. Maybe some of those tasty CDS contracts they have. Or did Citibank use the TARP money they got to clean it all up yet. I bet Paulson would like to know.

    As for break-up. Citibank is favored to keep shedding assets until there is only a giant brown egg left for taxpayers. And I assure you it isn't going to be chocolate.
    Jan 13 10:07 am |Rating: +5 -1
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