[Lion's Cub]

Quite correct. But I don't think that the Feds will allow "C" to tank. They will adopt the Japanese model and funnel free money to them to stay afloat. So that Citigroup never has to eat all of the bad loans nor disclose the shady dealings they have been involved with for over 20 years.

I agree. There are too many skeletons there--and the US market would plummet, as would the dollar.

This Japanese fellow knows what he's doing. By moving the cash balances (which probably don't really exist anymore) into Citibank, he's awarding himself a US taxpayer bailout. Citibank's books look better on paper, so it's a win/win shell game for everyone but the US taxpayer...

[Soul Citizen]

bump bump