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To: stan_hughes who wrote (347673)	11/6/2007 7:28:12 PM
From: Real Man	Read Replies (2) \| Respond to of 436258

Citi wrote down 8.4 bln., then announced it will write down 8-11 bln. more; their market cap is 174.51 billion, and that after citi lost probably 50 billion after the writedown. So the math works ok, and yet some stupid analyst dared to write they are insolvent. GM? Write down 39 Bln., market cap 20 bln. Hmm...... -g- Futures don't indicate GM gets seriously Enronned tomorrow, even though it should be, but we'll see how it opens -g- GM's book value per share is -6.29, it will get a lot more negative. -g-