Pay no attention to the assets behind the curtain - DFWstangs Forums
 
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post #1 of 3 (permalink) Old 07-14-2008, 07:13 PM Thread Starter
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Pay no attention to the assets behind the curtain

Quote:
Nowhere mentioned in the accompanying 66-page handout were the additional $1.1 trillion of assets that New York-based Citigroup keeps off its books: trusts to sell mortgage-backed securities, financing vehicles to issue short-term debt and collateralized debt obligations, or CDOs, to repackage bonds.
http://www.bloomberg.com/apps/news?p...3aI&refer=home

Are the banking regulators asleep to allow $1.1T to be held off books?
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post #2 of 3 (permalink) Old 07-14-2008, 09:10 PM
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Quote:
Originally Posted by TexasDevilDog
http://www.bloomberg.com/apps/news?p...3aI&refer=home

Are the banking regulators asleep to allow $1.1T to be held off books?
didn't that happen with enron too?
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post #3 of 3 (permalink) Old 07-15-2008, 08:50 AM
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Quote:
Originally Posted by TexasDevilDog
http://www.bloomberg.com/apps/news?p...3aI&refer=home

Are the banking regulators asleep to allow $1.1T to be held off books?
Who do you think banking regulatorsd work for?

The FED. Make no mistake.
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