The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: DebtBomb who wrote (177204)	1/15/2009 10:32:01 AM
From: butschi2	Read Replies (5) of 306849

C will get nationalized for a total $300-$500 billion price tag for the US-taxpayers or through dollar inflation from the FED. BAC may be cheaper but may have another $100-$200 price tag. AIG rescue will be cheap compared to Citi. Citi has one of the biggest and worst balance sheets and off balance sheet risks. Nobody will bring more capital here to get destroyed by Citi. Citi may have survided limping as now the risks from the financial crash, but the recession/depression will hit Citi in the back and be the last nail in the coffing and losses from the econmoy are just starting to roll in. Every quarter more losses. Bush allowed the banks to concentrate risk and write on the concentrated risk and therefore shaky balance sheets $160 trillion in derivatives for the big three banks (BAC,JPM,C)alone. If C goes down the other two follow and then the rest. C would bring down the clearing systems. Lehman was small compared to Citi and nearly ripped the system.

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