Breakdown of Citigroup's Assets

An angry post on Zero Hedge cites a research report claiming that a whopping 44 percent of Citigroup's holdings are in the category now called "legacy assets," which used to be called toxic assets and which Treasury is hoping the banks would like to clear off their plates. This got us to thinking: What's in the rest of Citi's holdings? We asked a forensic economist to dive deeply into Citi's filings; we think the results are startling.

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