Friday, July 18, 2008

Chronicles Of Depression 2.0: #160

Citi Posts Smaller-Than-Estimated Loss on Writedown (Update2)
Citigroup's total assets stood at $2.2 trillion at the end of last year.

Does that include the hide-and-seek off-the-books one-trillion plus?!

If CitiGroup collapses, the forensic accounting will take decades.

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