BizJournals Portfolio
Oct 17 2007 12:00am EDT

Citi-KKR: The Ouroboros is Go

Yes, folks, it's on: it's not just fantasy, but moving towards reality. Citigroup has a bunch of loans to KKR that it can't get off its books. So KKR is going to buy those loans, using $8 billion borrowed from – wait for it – Citigroup. You can't make this stuff up.

(Via Dealbreaker)

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