What Is The "Real Net Worth Of Citicorp"?
Tuesday, February 26, 2008 3:29:29 PM
1) what is the net worth of Citicorp, as traded by C ?
2) what is it's value?
Eddy Elfenbein reports Citicorp Traders Were Seen Losing $100 Million a Day On 15 Seperate Occassions Last Year.
It's competitors are "money center banks" which hold subprime loans: these include Bank of America, BAC, and the German State owned banks which are on the verge of collapse, Spiegel Online reports.
Mike Mish Sheldon relates Citicorp VIEs Raise Question of Solvency.
I think it has negative net worth; and really should be immediately buried at Yuca Mountain; but no wait, it does have value, yes in response to question number two above, it's only economic purpose is for short sellers like me to sell it short with