tag:blogger.com,1999:blog-4863014635257598503.post5331459959124819855..comments2024-02-27T22:18:53.706-05:00Comments on Zero Hedge: Exclusive: The Creeping Equitization Of Citi's Capital StructureTyler Durdenhttp://www.blogger.com/profile/00165439451205639523noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-4863014635257598503.post-79992358001231253932009-03-02T11:14:00.000-05:002009-03-02T11:14:00.000-05:00Perhaps being witty and sharp, you may be onto som...Perhaps being witty and sharp, you may be onto something deep here. If what you say is true, what is really happening is not (pace everybody) the creeping nationalization of Citi, so much as rather the creeping debt-equity swap of Citi.<BR/><BR/>Which might not be a bad strategy. It's got it's own difficult shoals to navigate, as you point out. But it might be a better route to recapitalizing the banks than any other.Michael Pollakhttps://www.blogger.com/profile/13662267376147007101noreply@blogger.com