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Non-Tech : Bill Wexler's Trading Cabana
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To: RockyBalboa who wrote (4301)11/14/2008 2:19:18 PM
From: RockyBalboa  Read Replies (1) of 6370
 
Citigroup now below $10 off a further 40%, and equity raising efforts become increasingly difficult. Its tangible equity is with all due respect for Citi, likely negative and its leverage per the last Q already reached 50x, which are FNM (or LTCM) dimensions.

As a result...

But what will happen in that case? Will the world go under? There are many brokers and corporates banked by it.
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