So anyone following Jim Rogers' advice and buying C?

[turkeyneck]

My lottery ticket...

Sold Dec 5 put @ 1.3. Max risk 3.7. It it goes to 0, the rest of my money wouldn't matter anyway because this country is finished.

 

[turkeyneck]

BTW, how safe is that 12% dividend yield?

 

[brokerboy]

Quote from turkeyneck:

BTW, how safe is that 12% dividend yield?

As safe as George Bush being in office come March.

 

[dsq]

C will be a take-under not a take-over like bsc,wm...etc...The action today was horrendous,sub 5? dont know what stock that has gone under 5 has come back alive.Sub 5 is the death knell.Look at gm.aig,wm etc...Its pretty much over i guess for C.MAybe im wrong but this what has been happening the last few months.It would be incredible.Just last week whitney was saying C to single digits from 13...she was negative on C but didnt want to rip it too bad but she kinda gave the vibe that C was going over a cliff.

 

[achilles28]

Citi will never go bankrupt.

They're a major shareholder in the FED Reserve System.

No big FED shareholder goes under.

 

[rodmike9]

Quote from brokerboy:

As safe as George Bush being in office come March.

Where are the CDS's trading for this?

 

[murray t turtle]

Quote from achilles28:

Citi will never go bankrupt.

They're a major shareholder in the FED Reserve System.

No big FED shareholder goes under.

=================================
Agree;
but that wouldnt necessarily be true for C shareholders.

Interesting news on bloomberg.com;
they may sell the whole company,todays premarket news.

 

[dsq]

c may not go bankrupt,maybe chap11 though...i doubt that though but its shares are going to zero in a takeunder according to todays price action.

 

[taodr]

Quote from achilles28:

Citi will never go bankrupt.

They're a major shareholder in the FED Reserve System.

No big FED shareholder goes under.

So was Lehman !!!!!!!

 

[JamesJ]

if C goes bankrupt the whole financial system will collapse

they really are too big to fail....