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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: CalculatedRisk who wrote (93743)11/4/2007 8:14:08 PM
From: CalculatedRiskRead Replies (3) | Respond to of 306849
 
Citi's Sub-Prime Related Exposure in Securities and Banking
biz.yahoo.com

This is an amazing press release. Citi is in deep trouble - and will probably be traded up simply because Prince is leaving. This is probably just the beginning of MASSIVE write downs (not that $8 to $11 Billion isn't significant).

Wait for a pier loan to go bad (Citi has enough of those too).



To: CalculatedRisk who wrote (93743)11/4/2007 8:59:58 PM
From: Qualified OpinionRead Replies (3) | Respond to of 306849
 
Excerpt: Citi also announced that, while significant uncertainty continues to prevail in financial markets, it expects, taking into account maintaining its current dividend level, that its capital ratios will return within the range of targeted levels by the end of the second quarter of 2008. Accordingly, Citi has no plans to reduce its current dividend level.

Link: biz.yahoo.com



To: CalculatedRisk who wrote (93743)11/5/2007 5:28:37 PM
From: microhoogle!Respond to of 306849
 
$1 Billion bailout is nothing when you see in terms of number of homes it will buy.

In DC suburbs at this prices you can buy 2000 houses. So I am guessing bad loans made to 2000 houses will require 1 billion write down.

Is my math Fuzzy or lazy?