Citi is a company built on illegality and fraud. When it merged with Travelers in 1998, the merger was technically a violation of U.S. law, a law which was then gutted by the Republican Congress and Bill Clinton the following year, leading to dozens of unholy mergers of I-banks and savings and loans.
- Mar 20, 2000
- 102,398
- 8,568
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actually, it wasn't a technical violation of US law. the bank holding company act allowed 2 years for a company that became a bank holding company to divest itself of operations not permissible for a bank holding company. there were an additional 3 one-year exemptions that could be taken advantage of, allowing up to 5 years.
not to mention the provisions of glass-steagall that were reworked by gramm-leach-bliley were considered to be a competitive disadvantage for america vs european operations.
not to mention the provisions of glass-steagall that were reworked by gramm-leach-bliley were considered to be a competitive disadvantage for america vs european operations.
Citi is buying most of my low-rate mortgages right now. It wouldnt be good for people with great jobs/credit if they went down completely. (Not that I think we should be funneling them cash, either)
No people who are already closed are fine, Im just saying they are a major player. It would leave Chase, Countrywide, and Wells basically. (This is on the wholesale channel)
so can I do a balance transfer of all my debt to my citi credit card and hope it disappears?
it's a joke
it's a joke
ericlp
Diamond Member
- Dec 24, 2000
- 6,137
- 225
- 106
"banks are too big to fail" Mission accomplished!
Well...... The sad part is we will bail them out again maybe own up 70% of that bank. Look the System is REALLY BROKEN. Black Friday really could be tomorrow! Or was it black Monday? This is getting scary and I really think we should let these big banks fail how much can we lend them till we own the entire system before it collapses? I don't know what to say. But we can't keep bailing out these insurance, banking and auto industries. They need to fail the system needs to correct itself ... Yes it's going to get ugly but at least it won't be as ugly as throwing away another 90 billion at a bank or industry that is just going to fail anyway. We are already in too deep... Put your boots on the shit is getting deeper by the day.
Well...... The sad part is we will bail them out again maybe own up 70% of that bank. Look the System is REALLY BROKEN. Black Friday really could be tomorrow! Or was it black Monday? This is getting scary and I really think we should let these big banks fail how much can we lend them till we own the entire system before it collapses? I don't know what to say. But we can't keep bailing out these insurance, banking and auto industries. They need to fail the system needs to correct itself ... Yes it's going to get ugly but at least it won't be as ugly as throwing away another 90 billion at a bank or industry that is just going to fail anyway. We are already in too deep... Put your boots on the shit is getting deeper by the day.
It's valued at 1% right now because the gov't is going to take it over/nationalize is. Extinguish all investor wealth.
somehow their corporate marketing slogan sounds appropriate -
"Citi Never Sleeps".
i'd have trouble sleeping too.
http://www.citigroup.com/citi/homepage/
"Citi Never Sleeps".
i'd have trouble sleeping too.
http://www.citigroup.com/citi/homepage/
WhipperSnapper
Lifer
- Oct 30, 2004
- 11,442
- 32
- 91
Is it better to buy a Double Cheeseburger at McDonalds or is it better to buy a share of Citibank stock? Which has more value?
Which is greater? The dollar value of Citibank's total amount of stock or the dollar value of Citibank's CEO's salary, bonuses, stock options, and golden parachute?
Which is greater? The dollar value of Citibank's total amount of stock or the dollar value of Citibank's CEO's salary, bonuses, stock options, and golden parachute?
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