$5 Billion EMI Debt Package Unmarketable
In the midst of all the home foreclosures and assorted corporate bailouts comes this tidbit: Citigroup is stuck with a roughly $5 billion debt package granted to private equity firm Terra Firma to buy EMI. Citigroup is now having a bit of a problem finding suckers buyers for the debt packages. You may now wipe the crocodile tears from your cheeks.
