How does Citibank have a 'profit' in a quarter it gets a welfare check?

swtrader · Mar 10, 2009

?????

eagle · Mar 10, 2009

Did Pandit have just violated the rule by revealing a part of the quarterly report?

That show C or him is really in the panic mode.

axehawk · Mar 10, 2009

It's called "cooking the books".

sandygray66 · Mar 10, 2009

Take a basic accounting course, dude......difference between income statement and balance sheet.

swtrader · Mar 10, 2009

Quote from sandygray66:

Take a basic accounting course, dude......difference between income statement and balance sheet.

no, it's simpler than that

if you're claiming a 'profit', YOU DONT NEED A FUCKING WELFARE CHECK

and it you ARE needing a welfare check, you dont have a profit

simple as that

zdreg · Mar 10, 2009

the welfare check is a norecurring (?) profit.

stock_trad3r · Mar 10, 2009

boo hoo hoo

dont be a crybaby. go long and make $$

the market is not fair or rational. Citi has profit. woo hoo.

ASusilovic · Mar 10, 2009

CDS bank spreads tightening...

itsame · Mar 10, 2009

Quote from swtrader:

no, it's simpler than that

if you're claiming a 'profit', YOU DONT NEED A FUCKING WELFARE CHECK

and it you ARE needing a welfare check, you dont have a profit

simple as that

This is just bad information. It really is much simpler than that...Take an accounting course.

Many companies go bankrupt every year that turn profits (small companies) Cash is king.

sandygray66 · Mar 10, 2009

Quote from itsame:

This is just bad information. It really is much simpler than that...Take an accounting course.

Many companies go bankrupt every year that turn profits (small companies) Cash is king.

You got it itsame.

swtrader doesn't know wtf he's talking about. Obviously, he's never run a business.

Cash flow statement is by far the most important of the 3 sections in the financial reports.