domingo, 22 de febrero de 2009

Citi: Un Hoyo Negro

Todo parece indicar que Citi será noticia importante esta semana. Y no es que no la haya sido en las últimas semanas, pero los problemas aumentan dpia con día y a pesar de los enormes recursos que se le han inyectado, no parece tener fondo el barril.
Citigroup Is A Black HoleCitigroup is a black hole, sucking in every dollar thrown at it and it still wants more. No amount seems enough to save it. Taxpayers have already guaranteed a whopping $300 billion dollars worth of Citigroup debt. Now, two months later, Citigroup is begging for still more capital, pretending that will save it.
Su acción actualmente está en 1.95 dólares y esta solicitando al gobierno aumente su participaciín al 40%, pero quiere evitar una "nacionalización".

En DataPoints: THE DISMAL SCIENTIST BLOG, se pregunta si este es el incio de la nacionalización de estas entidades y agrega

Since these institutions will not be allowed to fail, what would the government seek to accomplish during its temporary ownership, and how? The answer to the second question is unknown, but the first is not. The goal would be to remove troubled mortgage-related assets from the ailing banks' balance sheets once and for all. Once the economy began to revive, the banks would have clean balance sheets and be ready to lend again. The government would put the bad assets in a so-called bad bank, and taxpayers would be responsible for losses beyond those that have already occurred. Taxpayers angered by the prospect of taking on these obligations need to weigh the alternative: a collapsed banking system that drives the economy even deeper into recession.

En todo caso, aparentemente pocos hablan de una nacionalización permanente... impensable, sino de algo temporal para corregir los problemas. Esto lo disvcutieron Krugman y Roubini en un panel que puede verse en Calculated Risk.

Pero de que esto será noticia.... altas probabilidades

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