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Non-Tech : Banks--- Betting on the recovery -- Ignore unavailable to you. Want to Upgrade?


To: David C. Burns who wrote (1116)9/7/2010 1:43:32 AM
From: Sr K  Respond to of 1428
 
>> At the end of the second quarter, deferred tax assets made up more than a third of Citi’s tangible equity – a measure of balance sheet strength. <<

Deferred tax assets are not tangible equity – they are a measure of balance sheet froth.