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November 23, 2008
Citigroup: Bad Bank to Create Bad Bank Incubator
I know it isn't precisely what this headline means -- "bad bank" is a euphemism in bailout circles for walling off from one another functional and non-functional parts of banks -– but I still like this from the WSJ today.
To my way of thinking, if we're interested in creating bad banks, it's worth knowing that Citi is a veritable "bad bank" incubator.
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