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Replies to post #14681 on Tsafi

Replies to #14681 on Tsafi
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kevin252

10/14/08 12:12 PM

#14682 RE: popeyej #14681

Yeah, on Langlui's board she has listed $1.24 trillion in assets for J.P. Morgan Chase and $91.7 trillion in derivatives, a 74:1 leverage. Citibank's leverage is about 27.6:1, with $34 trillion in derivatives. And her chart is dated 9-30-07, so I'm guessing it may be even worse now.

Thanks Langlui for the interesting (but scary) info!
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atotalbum

10/14/08 4:15 PM

#14692 RE: popeyej #14681

its funny you bring up Citi especially, b/c ive followed that on a little, They have been one of the biggest borrowers from the fed window etc, to the tune of billions. They are flush with cash and fed money. And one thing im almost sure of they are using this cash to keep their stock a float. These guys have some traders like i have never seen, these guys trade the azzz off this C stock. really is impressive. But i think they are living in the present day too much. Govt will have to buy the stock etc. if they dont C will crumble imo..all they are doing is buying time right now. And all this $ will got to waste imo..the privilidged few are running out of wall street loading their pockets on the way out imo..be well popeye