C going under?
- Thread starter Retired
- Start date
All the subprimers would love to see C ends up like Enron. 
The Fall of Enron Stock
http://ca.encarta.msn.com/media_701610605/the_fall_of_enron_stock.html
The demise of the Enron Corporation occurred relatively swiftly. Over a 16-month period, Enron's stock price declined from a high of $90 to a low of under $1 before the giant energy-trading company declared bankruptcy.
Compared that chart with Citigroup's
http://finance.yahoo.com/q/bc?s=C&t=1y&l=on&z=m&q=l&c=
http://ca.encarta.msn.com/media_701610605/the_fall_of_enron_stock.html
The demise of the Enron Corporation occurred relatively swiftly. Over a 16-month period, Enron's stock price declined from a high of $90 to a low of under $1 before the giant energy-trading company declared bankruptcy.
Compared that chart with Citigroup's
http://finance.yahoo.com/q/bc?s=C&t=1y&l=on&z=m&q=l&c=
..."You got any link or reference to your numbers?"...
http://bigpicture.typepad.com/comments/2008/02/index.html
Scroll down to heading ...
Credit Default Swaps and Financial WMDs
or Orginal source
http://www.nytimes.com/2008/02/17/business/17swap.html?_r=1&oref=slogin
http://bigpicture.typepad.com/comments/2008/02/index.html
Scroll down to heading ...
Credit Default Swaps and Financial WMDs
or Orginal source
http://www.nytimes.com/2008/02/17/business/17swap.html?_r=1&oref=slogin
The future threat to american supremacy in economy, military, and financial affairs is in the east (China). Wall street made china's capital happen, and american companies are sending money and jobs to the east, while US decision makers spent their time fighting the arabs/muslims who are their friends (saving the US banking system, offering Oil to America, etc). America has to revise its priorities for the best interests of the country. Middle class is getting thinner, money is flow out, and only the fertile lands of America are still here.
"The guy is a genius shorting Citibank since last year."
Uh,but when chuck prince resigned and the stock popped up from 36ish to 39 in after hours trading on that friday,jim rogers was on tv and said he would cover his short on monday morning due to that breaking news.
I think he s got some good ideas but i think he s a schmuck for bailing on his country for financial gain.He's not exactly strapped for cash and should help/contribute his expertise during rough times to improve things here.He can live in asia-i wouldnt want to...ever.
As for c going bust etc... it has seen similar drama around 1990-91 period.I remember chase,citi and chrysler were single digits.Anybody remember shawmut,bank of boston?!!
Uh,but when chuck prince resigned and the stock popped up from 36ish to 39 in after hours trading on that friday,jim rogers was on tv and said he would cover his short on monday morning due to that breaking news.
I think he s got some good ideas but i think he s a schmuck for bailing on his country for financial gain.He's not exactly strapped for cash and should help/contribute his expertise during rough times to improve things here.He can live in asia-i wouldnt want to...ever.
As for c going bust etc... it has seen similar drama around 1990-91 period.I remember chase,citi and chrysler were single digits.Anybody remember shawmut,bank of boston?!!