Relevant:
- Citi Kills The SIV, Investors Kill Citi
- Citi “weighs optionsâ€
- The dynamic central banking duo -- ECB balance sheet up over €3.1 trillion mimicking Fed balance that is close to $3 trillion. Shuffling toxic assets into darkness.
- Treasury Soliciting Bankruptcy Funding for GM, Chrysler
- When banks use capital made of sand
2007-10-19 — nakedcapitalism.com
"Citi faced the possibility of either taking a large amount of assets onto its balance sheet or unloading some or all of them, and that volume of selling would yield lousy prices and could create widescale distress."
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