Did Pandit read leverage? [Leverage] - MarketTicker Forums


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User Info	Did Pandit read leverage? in forum [Leverage]
127001 Posts: 3516 Incept: 2008-05-21	Video: http://www.bloomberg.com/video/79641642/ "Nov. 7 (Bloomberg) -- Vikram Pandit, chief executive officer of Citigroup Inc., talks about the financial crisis and the outlook for the bank and its Citi Holdings division, which contains assets marked for sale. He speaks with Charlie Rose at the Securities Industry and Financial Markets Association's annual meeting in New York. (This is an excerpt from the event. Source: Bloomberg) " Quote: "When you go back and think about what brought all of this on, it was leverage. We're still living through the impact of leverage: consumer leverage, bank leverage, government leverage. It seems wonderful to borrow just a little bit more when things are going good, but invariably the history of crises [show] leverage is at the heart of it. We learned it yet again what happens to the world when leverage rises to levels that are unsustainable, and we're still living through that today in the form of what is going on with the governments, including our own, but not only our own. Certainly we're all watching what is going on in Europe." 2011-11-08 17:38:49 Permalink
Genesis Posts: 130779 Incept: 2007-06-26	Interesting.... ---------- I don't care* if it makes sense -- only if it makes money. -- Me* Bank (n): See scam, fraud and theft. *Eat a bankster -- they're low-carb.* *What part of "shall not be infringed" was unclear?* 2011-11-08 17:47:28 From PDA Permalink
Wearedoomed Posts: 3585 Incept: 2009-01-14 slightly red state	So wait, one of the largest beneficiaries of leverage is bitching about leverage? Is Bandit trying to get out in front of something? ---------- And you, my father, there on the sad height, Curse, bless me now with your fierce tears, I pray. Do not go gentle into that good night. Rage, rage against the dying of the light. 2011-11-08 18:07:12 From PDA Permalink
Bearshort Posts: 4487 Incept: 2007-09-13 NYC	I'm hearing talk of massive balance sheet reductions due to Basel III, forced delevering. ---------- "How long to the point of know return?" Enemies of the State: Bernanke, Geithner, Frank, Dodd, Greenspan, Paulson. 2011-11-08 22:04:25 From PDA Permalink
Patentleathershoes Posts: 9996 Incept: 2007-09-13 On the Daisy Chain	Well that would certainly tank the market. Bombshell if true. ---------- "An unborn child's property rights are protected by law. His right to life is not." Ronald Reagan 2011-11-09 09:21:20 Permalink