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To: Toddsterpatriot
For sure, but the panic was the problem. It could come back, but for now.....it's gone.

For the moment.

The problems; too much debt and too many zombie banks (TBTF) has actually gotten worse since last September.

And the panic is a symptom of the disease not the disease itself.

I like your tagline; being a math guy myself so I ask you this what is the real networth of Citigroup? My contention is no one really knows but it is probably less than zero

11 posted on 09/04/2009 7:11:06 PM PDT by NeoCaveman (has created or saved 150,000 posts, sure.)
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To: NeoCaveman
And the panic is a symptom of the disease not the disease itself.

Bear Stearns was making money, they were killed by a run on the bank.

I ask you this what is the real networth of Citigroup? My contention is no one really knows but it is probably less than zero

Why do you think it's less than zero?

13 posted on 09/04/2009 7:26:44 PM PDT by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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