Citigroup Fighting For Its Financial Life
http://globaleconomicanalysis.blogspot.com/2007/11/citigroup-fighting-for-its-financial.html
Citigroup has $134.8 billion in level 3 assets. Level 3 assets are marked to "guesses" because there is no market price. Citi has more in level 3 assets than it has equity. A Bloomberg headline today says "Citi Says New Values 'A Reasonable Stab' In Assessing Prices" with 'No Observable Trades' to measure. A Dividend is the least of Citi's worries.
MishMike Shedlock / Mish
Current Ratings: 0 negative/0 positive
