Citi Faces $6-$10 Billion Write-Off; Prince Is Out

Quote from stock_trad3r:

NO one cares about CITI any more. Wallstreet has already discounted it. it's obvious there are going to be some subprime type issues. All further bad news is already priced in.
More...

what happens when more write downs happen next earnings season?
 
Keep in mind that when the sh$& really hits the fan Washington will be looking for some scape goats....remember Enron and WorldCom and what happened to the heads of those companies ...all in jail.

I'm sure if some of the Wall Street banks have to turn over information and their books are reviewed there could be a lot of questions asked about the "off balance sheet investments".

Prince and O'Neal better look at some nice South American country that doesn't have extradition treaty.... get out of dodge fast.
 
Quote from Trendytrader:

Anybody notice that Prince has a "sun tan" just like Angelo Mozil from Countrywide Financial?
More...

That's a cirrhosis tan.
 
Quote from Digs:

Citigroup have $134 Bn of level 3 assets.
Interactive brokers banks with Citigroup, should IB customers get out or IB find another commercial bank ??
More...


Interesting point. It'll be difficult if not impossible to get your money back if one or the other flounders.
 
Looking to get back in XLF but dont know, its been slowly trending lower each day, I think it does bounce back to $32 but who knows when, any more major write downs and it could quickly head into the upper 20's
 
You must log in or register to reply here.
Back
Top