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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Secret_Agent_Man who wrote (71895)12/1/2007 10:26:53 PM
From: mishedlo  Read Replies (2) of 116555
 
E*Trade Marked To Reality - What Happens If Citigroup Is?
globaleconomicanalysis.blogspot.com
In a mark to reality event long overdue, ETrade's assets were sold from 11-27 cents on the dollar. What happens if Citigroup mark's its assets to reality? There seems to be easily another $26 billion at risk. Citigroup is desperately trying to reduce leverage at a time when nearly all asset classes are under attack. Good luck.
Mish
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