Citigroup seeks "emergency cash" from U.S. Treasury

Quote from shortie:

Update 2: Sources with knowledge of the deal say government officials are now getting cold feet over the plan to buy the troubled assets from Citigroup.
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WTF? ahahahahahahahahahahaha!

How could they get cold feet on a deal they only crafted minutes ago.
 
EDIT: Sorry, didn't see it posted above.

Unbelievable...

Situation is still fluid and people close to the company say some sort of a deal will likely be worked out tonight. one other option being considered now is for the government to put money into citigroup.

The problem with buying the assets from citi is political: people close to the deal know that other firms will line up and ask the government to purchase their troubled assets as well knowing that all brokerage stocks got crushed when treasury secretary hank paulson reversed his plan on the tarp to direct capital infusions to the banks and away from buying troubled assets.
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Quote from 9999:

May I have some emergency cash as well? Christmas is coming, and I'd like to travel the world in first class....and get some stuff too. 10 mil should do it...for now!
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You gotta ask big. Private Jet for your travel like the auto CEO's. It's your entitlement. As a member of the new aristocrcy you wouldn't want the revolting experience of having to rub shoulders with the common people in business class.
 
Looks like futures have slowly begun its descent on Shittygroup's inaction. We're gonna hit limit down within hours unless something is done.

YM + 23
 
this_will_not_end_well.sized.jpg
 
Perfect situation for some scalping action with the possibility of a run....selling ES tonight since the open with every move to a new high over the 802's (Friday's EOD high area)....will watch and take trades all night long until I get a decent core SHORT position built up or the C news finalizes with a positive reaction.

BTW, I will be watching the 789 area break as some confirmation of any negative reaction to news tonight in the AH session.


All while getting to watch "24" again TONIGHT......ahhh, this is the LIFE! :cool:
 
NASA astronauts to drink their own urine today
CNET News, CA

and the related news headline:

"C shareholders to eat their own sh*t on monday"
 
Quote from AMT4SWA:

All while getting to watch "24" again TONIGHT......ahhh, this is the LIFE! :cool: [/B]
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YES!!! Maybe the feds should call on Jack Bauer to fix this mess.

I had to tell the wife she can't speak during the next two hours of her life. LOL
 
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