Continuing Improvements. Tell Us How We’re Driving! Send us Feedback

Citigroup's $1.1 Trillion of Mysterious Assets »

Posted By chaordic 2 months, 2 weeks ago in Business & Finance
1.0

Scale of 1 to 10

Read: 80

Propped: 5

Comments: 1

Click Prop It to Raise Score
Prop it

Nowhere mentioned in a special 'future goals' 66-page handout were the sources of the mysterious $1.1 trillion of assets that New York-based Citigroup keeps off its books: trusts to sell mortgage-backed securities, financing vehicles to issue short-term debt and collateralized debt obligations, or CDOs, to repackage bonds.

Read Full Story at bloomberg.com »

1 Comment Report

Submitted By:
chaordic

Photographer,huge fan of MMA and all things that push boundaries.

Related Articles:

Why not submit a story?

Join the Discussion

+ Add Comment
Comments So Far: 1

Add a Comment

Forgot your password?

Please keep your comments relevant to this story.

To create a live link, simply type the URL (including http://) or email address and we will make it a live link for you. You can put up to 3 URLs in your comments. Line breaks and paragraphs are automatically converted — no need to use <p> or <br /> tags.

Got a Story?

Story Tags ?

Groups Watching This

No groups are watching this story. Why not share it with your group?

Advertisement