[lbo-talk] Geithner clarifies

Jordan Hayes jmhayes at j-o-r-d-a-n.com
Tue Mar 24 18:50:53 PDT 2009



> If you were nationalizing Citi, wouldn't you obviously want to guarantee
> its short-term funding?

Do you have idea what it would mean for a government to back a large trading desk?

Does the term Black Wednesday mean anything to you?

Multiply that by dozens of instruments and markets and probably by a factor of 40-100 in capital size.

/jordan



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