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View Diary: Fire Geithner (91 comments)

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  •  Yes, I know. (0+ / 0-)

    Which supports the notion that there may be a big chunk of the bank suitable for pruning (e.g., receivership?) but other branches are solvent and sufficiently detached to go on.

    How w/could such a diverse entity be nationalized for one failed segment of business? Assuming they have money...which is all hidden off somewhere because of the baking problem, eh?

    HR 676 - Health care reform we can believe in.

    by kck on Wed Feb 11, 2009 at 07:38:41 PM PST

    [ Parent ]

    •  It depends on the situation. Citi is a bank (1+ / 0-)
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      holding company with several corporate subsidiaries.  It may be done is such a way that the banking subsidiary would be 'financially reorganized'.

      But that could be enough to force the bank holding company just to sell off other divisions and end it.

      RebelCapitalist - Financial Information for the Rest of Us.

      by dennisk on Wed Feb 11, 2009 at 07:48:32 PM PST

      [ Parent ]

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