Small. the problem though is that if the government needs to inject capital etc (which will probbaly happen across the system) the existing sharehloders and junior bondholders will be in trouble (dilution, first-loss hit, etc). So, seemingly bargain price now, but I cannot be overly optemistic after all that is happening.
What about the total liabilities from the credit default swaps they sold. My worry is that CITI is contractually on the hook for trillions and trillions. And that at the end of the day it is impossible for them to meet their obligations. Until this gets explained to me, I am very cautious w.r.t. CITI.