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Biotech / Medical : Biotech Valuation -- Ignore unavailable to you. Want to Upgrade?

To: Arthur Radley who wrote (26596)4/8/2008 6:51:55 PM
From: tom pope  Read Replies (1) | Respond to of 52153
 
90 cents on the $? What is today, Christmas? Or (given C's CEO), Diwali?



To: Arthur Radley who wrote (26596)4/9/2008 9:52:19 AM
From: tuck  Read Replies (1) | Respond to of 52153
 
OT

TD,

Citit has had to indemnify the buyers of the first 20% of losses to get that price. It is simply a transparent attempt to create a better mark to market price. The deal is not all that great, and indeed, your XLF short (and my SKF holdings) are doing well this morning.

Edit: And C has $30 billion more of that kind of debt.

Cheers, Tuck


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