17.4.09
Accounting Is Sweet
Citi posted a gain because they can MtM the gain on their debts. So as their debts become less negative, they realize the change as a gain. Accounting is fun!
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About Me
- AAR
- Calgary, Canada
- I work in the energy industry doing quanty-type stuff. I think about economics, smoke cigars, read about finance and science, ride bikes and follow Formula 1.
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