More on Citi Drama
Yves at Naked Capitalism has two posts worth reading on the Citi saga:
Now It’s Official: Stress Test Results Pre-Determined — This is really about the bank stress tests in general, but there’s a great anecdote about Citi.
Citi Endgame Nigh? — This is a fun read on this equity conversion Citi is pushing for.
Calculated Risk posts WSJ: Citi and U.S. Government in Talks to Convert Preferred to Common — More of the same. Is this a great deal? (spoiler: No)
But, Bloomberg takes the bright side with Asian Stocks, U.S. Futures Advance on Citigroup Speculation.
Tomorrow is going to be an interesting day. I hope the government calls shenanigans on this deal.
