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Death Spiral Financing at WaMu, Merrill Lynch, Citigroup

7-23-08 • Michael Shedlock / Mish

Is it any wonder that Citigroup is desperate to dump $500 billion in assets? The saving grace for Citigroup is that it has assets to dump. The big question is ho much those assets will fetch. I believe it will be far less that Citigroup thinks.

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