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Citigroup 'Crisis': Some Perspective Is In Order

Your analysis is deeply flawed. You are confusing the assets that Citibank managing- $2.3 trillion is the number you suggest- and Citibank's own equity capital- which is a fraction of that. The $2.3 trillion is not Citibank's own money. It's yours. It would be like Citibank diping into your bank account to pay off its subprime losses. Also, your assertion that $2.3 trillion is 2X Citibank's debt (over a trillion dollars) is absurd.

Citigroup 'Crisis': Some Perspective Is In Order

Your analysis is deeply flawed. You are confusing the assets that Citibank managing- $2.3 trillion is the number you suggest- and Citibank's own equity capital- which is a fraction of that. The $2.3 trillion is not Citibank's own money. It's yours. It would be like Citibank diping into your bank account to pay off its subprime losses. Also, your assertion that $2.3 trillion is 2X Citibank's debt (over a trillion dollars) is absurd.