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Lehman: more socialising the losses of the rich
|
200
comments (200 topical, 0 editorial, 0 hidden)
Re: Unsecured
(
none / 1
)
Need to look at and see how much of these assets© are generating positive Cash Flow. Right now Balance Sheet Accounting is meaningless. Nobody knows what that shit is worth. As long as Net Income is positive Citi can stay in business.
At least until they have to do some debt roll-over.
Then ... who knows?
by
ATinNM
on
Mon Sep 15th, 2008 at 12:38:27 PM EST
[
Parent
]
Re: Unsecured
(
none / 0
)
Could be that this was what much of the credit default swap two hour special session on Sunday was about.
As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by
ARGeezer
(
ARGeezer a in a circle eurotrib daught com
)
on
Mon Sep 15th, 2008 at 01:03:57 PM EST
[
Parent
]
Lehman: more socialising the losses of the rich
|
200
comments (200 topical, 0 editorial, 0 hidden)
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