Is this Citygroup thing going to affect IB?

Ok, I'm sorry I didn't explain.
Since IB's bank is Citybank what could possibly happen with IB customers accounts if C goes under? I know it seems unrealistic but who knows, eh?
 
I forgot abt that. Aren't Citi's problems legal regarding Enron rather than financial? Unless you are counting the rumors about the derivatives exposure. Was Citi part of that rumor?
 
Originally posted by machine
Ok, I'm sorry I didn't explain.
Since IB's bank is Citybank what could possibly happen with IB customers accounts if C goes under? I know it seems unrealistic but who knows, eh?
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Damn, what are you short C?! ;)

I think IB is self clearing, aren't they? Citi is just for wire transfers etc. So nothing would happen. Send wires through BoNY instead, lol! So IB going under is what you would have to worry about.

'course, your acct is covered by the SIPC up to 500k (100k can be cash) anyway, and IB probably has additional insurance on top of that (I think I read 10 mill somewhere).
 
Hey babe, if you're really worried about C going under, I suggest getting those canned goods and underground bunker in shape for the coming apocalypse.

Not saying it's impossible, but we're still at least a week away from something like that.
 
If Citibank goes under, we are all going to be driving around in hot rods killing each other for gasoline (i.e. Mad Max, The Road Warrior)...
 
Originally posted by stock777
Hey babe, if you're really worried about C going under, I suggest getting those canned goods and underground bunker in shape for the coming apocalypse.

Not saying it's impossible, but we're still at least a week away from something like that.
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These days it's easy to belive in anything. Well, thanks for your response, guys, I'd better get going to Costco while it's still open, lol:)
 
vulture, that sounds like good clean fun. Too bad the Fed would step in and ruin the party before it started by rescuing C.
 
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