Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Moominoid who wrote (70397)	9/15/2008 11:12:40 PM
From: Maurice Winn	1 Recommendation Read Replies (2) of 74559

It looks as though Citibank has bought Lehman [via bankruptcy as collateral for the loans]. That isn't necessarily a good thing for Citi. Perhaps Citi will fall next since Lehman assets are no doubt worth less than was hoped. Judging from the graph, Citi is not considered the most robust of companies in the current turmoil: finance.yahoo.com Maybe one could surf the bankruptcy process, hopping now from Lehman to Citi and preparing to find who has loaned to Citi so they can be shorted next [after Citi]. Citi market cap going from $300bn to $80bn is quite a haircut. That's a fair bit of market clearing and those shareholders are no doubt well aware of it. Mqurice

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