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[redfoliage2]

NEW YORK (AP) -- Citigroup Inc. lost $5.1 billion during the first quarter as poor bets on mortgages and leveraged loans lopped billions of dollars from its investment portfolio.
Write-downs related to mortgages and turmoil in the credit markets reached about $12 billion, and costs stemming from consumers' credit problems surpassed $3 billion, the bank said Friday.

http://biz.yahoo.com..._citigroup.html

The Street is still blinded on reality.