WTF? This is incredible.
Tech Ticker puts the figure at $38 billion.
Rolf Winkler points out that without the tax break, Citi’s tangible common equity would have fallen to dangerous levels. Remember those stress tests? TCE was important.
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hilker reblogged this from crazynutjob and added:
why it drives me nuts that people complain about big bad corporations taking over...world....
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crazynutjob posted this