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To: TigerLikesRooster

It’s getting a little complicated now. Citibank for example just convinced somebody to buy what, five percent?, of itself for some number of billions of dollars because their own balance sheet is shaky, and some of that cash apparently is going out the back door a month later.

So the degree to which Citibank uses their own emergency cash for what might very well be a bigger emergency makes Citibank that much weaker again. Do they just go back to their sponsor next week with their hand out a second time with that story?


12 posted on 02/01/2008 4:58:47 PM PST by jiggyboy (Ten per cent of poll respondents are either lying or insane)
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To: jiggyboy
It seems that whichever way they go, they won't see much improvement, only marginal.

In that sense, this is a crisis alright.

13 posted on 02/01/2008 5:10:28 PM PST by TigerLikesRooster (kim jong-il, chia head, ppogri, In Grim Reaper we trust)
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To: jiggyboy

Shell game. Follow the peanut. Now you see it, now you don’t.


19 posted on 02/01/2008 7:42:10 PM PST by Travis McGee (---www.EnemiesForeignAndDomestic.com---)
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