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

Quote from ByLoSellHi:

Lying assholes. It's always the same - Lehman, Bear, AIG, WaMu...

"Blah, blah, blah...I'm the CEO, and we're perfectly solvent and liquid and the world is peachy...blah, blah, blah..."

Charlie Gasbagrino must be having a heart attack - he's been defending Citi and its lame ass CEO all the way from $50 to $3.30.

The Treasury will arrange a marriage for Shitty, and the taxpayers will eat their toxic waste.
More...

Everyone lies in these conditions.

These banks are holding so much shitty-debt, any bad news becomes self-fulfilling.

They're all teetering on the precipice.

So they lie. Tell everyone shit is fine. Forgetaboutit!!

The next day, they go under. Pure jokes.
 
And then the Perma-Bulls lament all the uncertainty in the Market....

Get it over with.

Let everyone fail.

Survivors take-over with strong balance sheets, by default.

Confidence is restored.

Banks lend again.

Investors Buy Again.

Whats wrong with that?
 
Quote from achilles28:

And then the Perma-Bulls lament all the uncertainty in the Market....

Get it over with.

Let everyone fail.

Survivors take-over with strong balance sheets, by default.

Confidence is restored.

Banks lend again.

Investors Buy Again.

Whats wrong with that?
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This has always been my position since Aug 2007. It must be too arcane a view, since I never heard a rebuttal or likemindedness.

So when a CEO lies regarding a company's assets and liabilities - taking down American net worth. . .is that NOT criminal?

:D

pay$ense
 
Quote from Random.Capital:

Citi getting the AIG treatment.

http://www.cnbc.com//id/27873985

Company "survives", stock goes to zilch...?
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So, now we're back to the government is going to buy toxic assets, I thought last week they wouldn't. They can't figure it out, can they? I am getting tired of having to shuffle my money around because I'm fearful something or another will go under. I'm beginning to consider gold partly because of the convenience factor :p
 
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