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Market Currents

Friday, April 3, 2009
7:46 AM TweetThis
  • Bailout recipients, including Citigroup (C), Goldman Sachs (GS), Morgan Stanley (MS) and JPMorgan (JPM), might buy toxic assets under the Treasury's $1T plan to clean banks' balance sheets.

This news story has 2 comments:

  •  
    That's what I was talking about here:
    seekingalpha.com/artic...
    2009 Apr 03 08:30 AM Reply
  •  
    Ok- lets just say 90% of the dilution is priced into citi stock. Pfd swap takes a little more time. Stock doesnt break hard after the swap. Now S+P has a reweight to the tune of 500 million shares to buy. Hmmmmm. Just a thought Mr. Too Short the 5 strike.
    2009 Apr 03 10:17 AM Reply
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