2008-06-16 — minyanville.com
"The main problem, though, has been skepticism about the hits Barclays has taken on its "toxic" treasury assets, such as sub-prime mortgages and collateralised debt obligations. In the words of Citigroup (C) analysts, Barclays (BCS) is "in denial" and needs to write down far more that the £1.7bn taken this year."
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