CitiBank going under----

[drsteph]

Quote from Corelio:

One may find Larry Summer's Letter to Congressional Leaders helpful. Point #4 on the letter is of particular importance.

Thank you very much, good intel.

 

[stock777]

Bad month for Indians?

Nice bling

 

[lrm21]

Quote from NY_HOOD:

the stock will be worthless,Citi may go on but will be forced to sell almost everything causing shareholders to lose their bets. this is very lehmanish and bear stearnish. at first it seems like a bargain and bounces big off the bottom causing investors to think the stock had no business being down as much as it was. then it slowly drifts back down to the old low before bad news strikes again and crushes the stock to new lows where it is basically deemed worthless.
the fact that citi is selling their most profitable or one of their most treasured assets has to tell you something.
if Citi was such a bargain and the downside was limited,C would not be trading near 5 bucks. something is going on.

Careful spreading rumors is illegal

Citi is well capitalized and it's only down because of unamerican rumour mongers like yourself

This whole thing is the fault of misinformartion and evil speculators

No doubt the part of the TARP (350 billion) will be used to up our stake by 2%

My smith barney broker tells me Citi will be @ 140 by end of year

 

[Sky123987]

Quote from lrm21:


My smith barney broker tells me Citi will be @ 140 by end of year

lol

 

[ByLoSellHi]

Quote from stock_trad3r:

since you cant short it does it matter?

Dow 15000!!!

Party Hats On!!!!

 

[forsalenyc]

Quote from lrm21:

Careful spreading rumors is illegal

Citi is well capitalized and it's only down because of unamerican rumour mongers like yourself

This whole thing is the fault of misinformartion and evil speculators

No doubt the part of the TARP (350 billion) will be used to up our stake by 2%

My smith barney broker tells me Citi will be @ 140 by end of year

Stocks go down for good reasons. Citi is not well capitalized and they had to sell Smith Barney division to raise cash. They lost at least $1B in 4Q. "My smith barney broker tells me Citi will be @ 140 by end of year".......please don't talk unamerican rumour and misinformation shit now.

 

[Clubber Lang]

Quote from forsalenyc:

"My smith barney broker tells me Citi will be @ 140 by end of year".......please don't talk unamerican rumour and misinformation shit now.

Seriously, stop talking unAmerican and spreading rumors.

Everyone knows Citi will be at least $200 by the end of the year.

 

[MrDODGE]

Quote from lrm21:

Careful spreading rumors is illegal

Citi is well capitalized and it's only down because of unamerican rumour mongers like yourself

This whole thing is the fault of misinformartion and evil speculators

No doubt the part of the TARP (350 billion) will be used to up our stake by 2%

My smith barney broker tells me Citi will be @ 140 by end of year

Citi may be well capitalized but it is with taxpayer dollars. That makes the equity value ZERO!

 

[bond_trad3r]

The price action should scare the shit out of everyone.

This bank has $300 billion in toxic assets backed by the government. Things at Citi must be far worse!

 

[mokwit]

President Bush has already told us that "our financial institutions are strong".

Don't you believe your glorious leaders? Do you think they would lie to you for their own self serving agenda?