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?
In that sense, this is a crisis alright.
Shell game. Follow the peanut. Now you see it, now you don’t.