Official ATP&N Bank of America & Citigroup Deathwatch

[LegendKiller]

Originally posted by: wwswimming
you can buy $2 trillion worth of banking assets for $10 billion. how come nobody's doing it ?

the market knows something about C and BAC, and it's not good.

for people that say the ratio between market cap & assets don't matter - why don't you buy some Citi ?

Nobody ever said that people wanted to buy the stock, I just said that your ratio is stupid. It has no bearing on reality and doesn't matter a whole lot.

The market is worried about Geithner's strength test and what it could mean to BAC and C.

 

[soccerballtux]

All bow to the almighty LK, he and only he is right :/

 

[wwswimming]

Jesus F'ing WOW

Citi 32 year chart

Citi trading below $1 a share. you can buy a bank with $2 trillion of assets for approx. $5 billion.

Goodbye, Citi.

Goodbye, whoever they owe money to.