Dick Bove vs. CLSA's Mike Mayo on Citigroup Cooking the Books (DTAs)

Charlie Gasparino broke news on Fox Business that Citigroup (C) might be cooking their books. Read and watch it here: Analyst: Citigroup Is Cooking the Books. CLSA analyst Mike Mayo said Citi needed to take a $50 billion writedown on "deferred tax assets" and the result would be a $10 billion loss. Ha, Dick Bove said Citigroup is not cooking the books: Dick BovĂ©: FYI, Citi Is Not “Cooking The Books” (Dealbreaker). In July, Bove said Citigroup was headed toward $8.50. I embedded the Fox Biz video. I'd like to see what the accounting blogs say. The chart says Citigroup either triples or goes to zero from here (chart).




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