TV News LIES

Saturday, May 18th

Last update04:38:31 PM GMT

You are here News Economy Citigroup's $1.1 Trillion of Mysterious Assets Shadows Earnings

Citigroup's $1.1 Trillion of Mysterious Assets Shadows Earnings

E-mail Print PDF

Nowhere mentioned in the accompanying 66-page handout were the additional $1.1 trillion of assets that New York-based Citigroup keeps off its books: trusts to sell mortgage-backed securities, financing vehicles to issue short-term debt and collateralized debt obligations, or CDOs, to repackage bonds.

More... 


Most Recent Related Stories...


8 companies that most owe workers a raise

ComcastWhile CEOs of companies with the strongest financial results are usually paid hundreds of millions of...

Study: U.S. taxpayers employ more low-wage workers than Wal-Mart, McDonald’s combined

Low wage workersFederal taxpayers employ more low-wage workers than Wal-Mart and McDonald’s combined, a new study calculates.The report...

Fannie Mae to Pay Treasury $59.4 Billion After Record Profit

Fanny MaeFannie Mae (FNMA), the mortgage-financier seized by U.S. regulators in 2008, will pay the Treasury Department...

CEO Pay 1,795-to-1 Multiple of Wages Skirts U.S. Law

Ron JohnsonFormer fashion jewelry saleswoman Rebecca Gonzales and former Chief Executive Officer Ron Johnson have one thing...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!