Hopefull

Proceeding with Nationalization: Where to Begin

No.What is needed is a valuation of CITI assets on a discounted cash flow hold to maturity value.This will determine the real value of C.Nationalization is just a way to have an unthinking sale of the mortgage backed securities at firesale prices.The government wouldn't care what price they sold them off for as they are dealing with our money and they would get political credit for cleaning up the banks. Why should the shareholders of C put up with this? It is the buyers of these assets probably with purchase financing from the government that will make out like bandits.