To: Moonman62
Citigroup will provide a "support facility" for its seven SIVs with investments totaling $49 billion and incorporate them onto its balance sheet. The bank previously said it had no plans to bring the SIVs onto its books. Assuming these SIVs are more or less worthless, this will make for a very interesting quarterly report or two.
5 posted on
12/14/2007 8:32:37 AM PST by
jiggyboy
(Ten per cent of poll respondents are either lying or insane)
To: jiggyboy
As of now Citi stock is up 2.5% while the rest of the market is down.
6 posted on
12/14/2007 8:41:46 AM PST by
Moonman62
(The issue of whether cheap labor makes America great should have been settled by the Civil War.)
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson