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You are here News Economy Citigroup's $1.1 Trillion of Mysterious Assets Shadows Earnings

Citigroup's $1.1 Trillion of Mysterious Assets Shadows Earnings

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Nowhere mentioned in the accompanying 66-page handout were the additional $1.1 trillion of assets that New York-based Citigroup keeps off its books: trusts to sell mortgage-backed securities, financing vehicles to issue short-term debt and collateralized debt obligations, or CDOs, to repackage bonds.

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