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Dubai-ous Deals

December 1, 2009
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Dubai-ous Deals

This makes total sense. Right? The WSJ estimates CitiGroup’s exposure to Dubai World’s defaulted $80 billion (est.) debt at $1.9 billion. The beauty part is Andrew Sorkin’s reminder (in the NYT) that Citi lent $8 billion to the palm-island-building megajoke last Dec. 14, shortly after the U.S. government pumped $45 billion into the ailing...
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High Frequency Trading Update

August 4, 2009
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The Wall Street Journal reports that the Securities and Exchange Commission is investigating “Flash Trading,” one small way the rich get richer at the expense of everyone else. That should keep them away from the big issues. But at least Paul Krugman is with me on the connection between Goldman’s stock-market manipulation and Citi’s...
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