Archive - Apr 18, 2009

Tyler Durden's picture

The Evaporating Collateral Of The United States





In a Bloomberg article today, Federal Reserve Vice Chairman Donald Kohn said that the central bank’s emergency lending programs aren’t creating a significant risk for U.S. taxpayers and went on to clarify that the major sense of security is prompted by the quality of the collateral pledged against these loans. To quote Kohn:

"We are not taking significant credit risk that might end up being absorbed by the taxpayer.

 

Tyler Durden's picture

The Citi Market Barometer





When Zero Hedge first presented its thesis about a likely upcoming mega squeeze in Citi common concurrent with the bank's shares trading at $1, some readers expressed their dismay with our lack of intellectual capacity. Less than two months later, and $3 dollars higher, the situation has changed... at least for the Citi shorts.

 
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