What could be in C's derivatives portfolio?
http://www.reuters.com/article/ousiv/idUSTRE4AK81820081121
http://www.reuters.com/article/ousiv/idUSTRE4AK81820081121
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GS didn't want C - even with "substantial" government aid
- Thread starter wilburbear
- Start date
there all going to be owned by the US government in next 12 months
Quote from JamesVU2000:
there all going to be owned by the US government in next 12 months
The taxpayer funds already payed into Citi have been wasted - just like money that would go into the auto bailout.
We can't afford these low-quality, risky investments in good times. How can we afford them with the Dow down 45%?
I don't know much, but this I know:
GM and F make shitty cars, always have, always will;
i have credit cards with C and i only have had good experience with them as opposed to with some other banks.
i don't know what's plaguing C that is different from pretty much all other banks. i suspect that if C goes down, so will 50% of other banks.
C is just too big to fail. GM/F are too small for anybody to care about. the unemployment is going through the roof with or without GM/F going ch11 because of many problems in the economy. so, from the unemployment point of view there is no reason to bail those losers out.
bottom line:
bail C, screw GM/F.
GM and F make shitty cars, always have, always will;
i have credit cards with C and i only have had good experience with them as opposed to with some other banks.
i don't know what's plaguing C that is different from pretty much all other banks. i suspect that if C goes down, so will 50% of other banks.
C is just too big to fail. GM/F are too small for anybody to care about. the unemployment is going through the roof with or without GM/F going ch11 because of many problems in the economy. so, from the unemployment point of view there is no reason to bail those losers out.
bottom line:
bail C, screw GM/F.
Quote from shortie:
bottom line:
bail C, screw GM/F.
C is a worthless POS. You can read up here --
http://www.elitetrader.com/vb/showthread.php?threadid=145760