BxCap

Citigroup's Flush

Meredith Whitney says the quarter for Citigroup may be $3.00 to the downside and it comes in at $2.20 in the hole and everyone's dancing in the streets? Lehman has $84B in Alt-A and NO ONE is paying their mortgages in CA, NV, FL, and CO. Citigroup is out of the student loan business, and out of the mortgage business. SIV's are about to be a thing of the past. CDO's aren't moving anywhere, Citigroup just lost a court case associated with Enron, showing you how long liabilities really last, and you're trying to pump Citigroup to me? Only a Sovereign Wealth Fund or billionaire gambler could be that dumb. Read George Soros' "The Alchemy of Finance", pages 84-89.