monday1929

What's the Real Reason Citibank is Selling Smith Barney?

No Fiduciary will be able to justify buying the shares of JPM, Citi etc. in a court of law. Anyone who bought these opaque banks on the recommendation of a broker/adviser should be suing that broker. Trillions in off-book losses still remain.


On Jan 13 01:41 PM Emerald wrote:

> Still no disclosure or transparency on SIV's, CDO's and other derivatives.
> This remians true for the other latge banks. makes you wonder what
> the true value of any franchise is today. Long C, BAC, WFC, USB.
> Short:SEF as a hedge.