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- Citi exposed to $60 billion in subprime loans - may need more cash
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Citigroup, which posted another whopping $12 billion in mortgage-related write downs, still has exposure to $60 billion in subprime-related loan bets and will likely need to raise additional capital. In it’s quarterly earnings call during which the company announced a $5 billion loss tied to that ridiculous $12 billion disclosed that it still has d…
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19 April, 2008| housingblogs |
@ 20:00