shows citi to have some 38 trillion in derivative exposure. 10 percent loss on that exposure = 3.8 trillion in real dollars. a ten percent loss in the current environment seems reasonable given the massive drop in asset/debt values.
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Do you really expect me to comment in detail on Citi’s GROSS notional derivative exposure, as opposed to its NET exposure… and without seeing the underlying details surrounding such exposure? (Also, these numbers are over a year old.)
And your “10 percent loss” assumption “given the massive drop in asset/debt values”? I don’t even know where to begin…
Please.
Do the REAL homework – and, no, that’s not just regurgitating what’s on another blog; it’s digging into 2008’s 10K, making some phone calls to folks in the business, and doing some real analysis to the extent it’s possible – and THEN we can have a discussion.
I know it’s easier to be lazy. But that’s what’s gotten us into this mess, right?
