Tuesday, August 31, 2010

Trouble in the Citi

Mike Mayo and Uncle Vik are at loggerheads once again with Mayo insisting that Citi should take a writedown, or a loss on some $50 billion of “deferred-tax assets,” or DTAs. NRO is reporting that Uncle Vik is so upset with Mr. Mayo that he has been banned from access to any of Citi's top executives.

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