by Calculated Risk on 11/06/2007 05:24:00 PM

Quote of the day from Bloomberg: Citigroup Writedowns May Be as Much as $13.7 Billion

Rescuing the bank's subprime holdings may be a harder challenge than Long-Term Capital, said Lawrence White, professor of economics at New York University's Stern School of Business.

``The opaqueness as well as the stinkiness are greater,'' White said.

Perhaps "stinkiness" explains the short comment from CNBC's Erin Burnett (hat tip Nemo) in the video at the bottom of the posts.