Tuesday, February 26, 2008

Citigroup 10-K filed 2-22-08 (205 pgs + exhibits)

Read this doc on Scribd: Citigroup 10-K 2-22-08
See PDF page 87 (page 86 of document) for significant unconsolidated "Variable Interest Entities" with off balance sheet assets of $320 billion that might be worth as little as 27 cents on the dollar - see VIEs; Citigroup VIEs Raise Question Of Solvency; A Fear of What's Behind Closed Doors.