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Citigroup still on the brink
jcfalkenberg
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0
9-2-2009 10:29 AM
27 views
tags:
citigroup
jcfalkenberg
says:
Not to speak of the GSEs
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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/59b5c226-0b2e-4168-80ad-1bb576780a01/E2DE4E61-C997-47C3-9E64-B5D3088C824A/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://us1.institutionalriskanalytics.com/pub/IRAstory.asp?tag=378" href="http://us1.institutionalriskanalytics.com/pub/IRAstory.asp?tag=378" style="font-size: 11px;">us1.institutionalriskanalytics.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://us1.institutionalriskanalytics.com/pub/IRAstory.asp?tag=378">Even with Uncle holding 34% of the equity, C remains an organization with 3.8% tangible common equity or "TCE" at the parent level and above-peer loss rates. Click the link below to see a chart of C's bank charge-off experience from Q2 2009 going back to 1989 from The IRA Bank Monitor:</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://us1.institutionalriskanalytics.com/pub/IRAstory.asp?tag=378"><DIV> <A href="http://www.institutionalriskanalytics.com/pdf/GrossDefaultsC.pdf"><FONT color="#0000ff">http://www.institutionalriskanalytics.com/pdf/GrossDefaultsC.pdf</FONT></A></DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://us1.institutionalriskanalytics.com/pub/IRAstory.asp?tag=378">All of the good people at C and their large bank peers know that we are perhaps a couple of quarters away from the peak in loss experience.</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/E2DE4E61-C997-47C3-9E64-B5D3088C824A/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>
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