That’s a pretty bold prediction. If so it signals what is hopefully at tectonic shift away from bailouts to mopping up operations.
I’m pretty sure no one is going to be shocked by this but I actually predicted Citibank wouldn’t make it to the new year, a year ago Thanksgiving. If the govt hadn’t come in to rescue it in October, I would have been right, but I wasn’t. So who are the major stock and more importantly debt holders?
davelj, are any of the banks you’re involved with equity or debt holders of Citi? I read somewhere that a large part of a major bank going down was how many smaller banks were creditors to the large banks and one of them collapsing would completely rat fuck their capital ratios.
Josh
