But when house prices fell and mortgage-backed securities (and derivatives based on them) became illiquid, Citigroup took the liabilities back onto its balance sheet – and then needed to be rescued through massive, repeated bailouts.
Ma quando i prezzi delle case crollano e i titoli mortgage-backed securities (e i corrispondenti derivati) sono diventati illiquidi, Citigroup ha reinserito le passività a bilancio – e poi ha avuto bisogno di essere salvata con massicci e ripetuti bailout.