Click on the post for the full story in Yahoo News.
The announcement this morning of 11 Billion in additional write offs for Citigroup is in addition to the 6.5 Billion they announced last month. This may be just the beginning to a larger exposure that has not been precisely accounted for....and the SEC is examining the transactions off the balance sheet of Citigroup to see if they have been proper.
Stay tuned.
Monday, November 05, 2007
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