Economy - Economics USA

Question of Solvency at Citigroup

11-1-2007 • MISH: Global Economic Analysis

Financials took a big hit one day after a 1/4 point cut by the Fed. Analysts blamed the collapse on a possible dividend cut at Citigroup. Analyst Richard Bove looked at Citi's assets and said solvency is not the issue. However, Bove ignored the l