CITI TARP Convert and the Indiana Bond Holders
A big sigh of relief for the Citi convert transaction. The resulting dilution puts a cap on the stock price forever. The Preferred holders took a bath. The end result is that Citi’s balance sheet looks...
View ArticleMurderous Thoughts
The “kids” at the dinner table, the same one they’d sat at for years, what’s left of a meal still scattered about. Lucy, the oldest, at the head of the table, where she always sits. Danny, two...
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