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  1. Citibank Is INSOLVENT!!!!!!!!
    You think the value of your overpriced Brownstones is going to hold??!! Your toast!!!! LMMFAO!!!!!! 134 Billion of this shit, yeah riiiiight!

    Citigroup reports $134.8 billion in ‘level 3’ assets
    By John Spence
    Last Update: 8:28 AM ET Nov 5, 2007
    BOSTON (MarketWatch) — Citigroup Inc. (C) in a quarterly regulatory filing Monday said its so-called level 3 assets as of Sept. 30 were $134.84 billion. Level 3 assets are holdings that are so illiquid, or trade so infrequently, that they have no reliable price, so their valuations are based on management’s best guess. The investment bank said its total liabilities related to level 3 assets at quarter-end were $40.36 billion, according to the Form 10-Q. Citigroup said it often hedges its level 3 positions.

    The What

    Someday this war is gonna end…..

  2. It was the architect who blithley said that LPC “looks kindly” on these types of additions, not Minsky. But still a ludicrous idea. I’m guessing he’s appeared before LPC as many times as my grandmother in Iowa.