Citi’s Reclassification of Core Assets Just Window Dressing – … in Moody’s view, and has no impact on its credit rating. In Citi-speak, this change in mind is expressed as a transfer of assets from Citi Holding to Citicorp with Citicorp being a business mix that the company wants to retain.” … – Research Recap
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going beyond the ratings agencies – Fixing the Ratings Catastrophe Through Transparency - By David Goldman – interesting 7 point plan – Inner Workings Blog at Asia Times
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Traders Aggressively Buying Credit Default Swap Protection Against Sovereign Debt Defaults – Vincent Fernando – Money Game at Business Insider
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Shorting the Long Treasury Is This Fund Manager’s Highest Conviction Idea – David McMillan - Seeking Alpha
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Banks Again Peddling Derivatives, as Investors Head for the Exit – By Alain Sherter – Bnet
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Exchanges to Petition SEC on Sub-Penny Pricing – By JACOB BUNGE – WSJ Business - I never thought this would happen. Thanks to HFT and Dark Pools – BC