will citi go under?

[Pepsei]

The problem with Citi is that they kept acquiring these shit assets and shit companies and weakening the company. NO clue what they were thinking. I mean, it's a gamble. In 5 years it may look genius, but not if the company tanks before then.

yeah, i hope WB learned their lesson with the stupid Golden West/The money store purchase.

 

[eplebnista]

Originally posted by: ironwing
They did slow down the flood of CC offers to one or two per week so maybe they are hurtin' gerkins.

:laugh:

No they won't go under.

 

[z0mb13]

wow the stock just dropped another 20%.
it dropped 60% this week alone! WTF

 

[ponyo]

Over a billion shares of Citi traded today! :Q

I didn't buy the lottery ticket today but Monday I'm going to buy some if I can get it near today's close.

 

[Pepsei]

i think citi is in a better position than wamu. so i'd buy some at $2~$3 and sell 1/2 at $5... profit....

would be epic if wells fargo offers to buy citi for $1 a share.

 

[manlymatt83]

The all knowing 8 ball says... Rightfully So

 

[JS80]

lol OP, did I not call it or what?

 

[LegendKiller]

They'll be fine. Rescued, but fine.

 

[Double Trouble]

Citi is too big and too complex to just merge with some other company, I suspect it will get carved up into little pieces and sold off that way. No need to make a run though.....

 

[sunzt]

Originally posted by: Double Trouble
Citi is too big and too complex to just merge with some other company, I suspect it will get carved up into little pieces and sold off that way. No need to make a run though.....

Is being carved up into little pieces a good thing for stocks?

 

[Pepsei]

Originally posted by: sunzt

Originally posted by: Double Trouble
Citi is too big and too complex to just merge with some other company, I suspect it will get carved up into little pieces and sold off that way. No need to make a run though.....

Is being carved up into little pieces a good thing for stocks?

dunno... is there an example from the past? i'm too lazy to search google.

 

[imported_Lothar]

Too big to fail?

 

[alkemyst]

#2 homebuilder in the country is at under $4 a share...much of the top 10 below $2-3

 

[Journer]

Originally posted by: Lothar
Too big to fail?

calling rome...calling rome...

 

[Dear Summer]

No.

 

[ultimatebob]

Citibank canceled my Platinum card due to inactivity a few weeks ago, so it's kinda hard for me to care either way.

On the other hand, I have a co worker who has a few thousand shares of C's stock, so he might care a bit more than I do

 

[randomlinh]

i'll only support it going under if they also let my student loans go under.... heh

 

[Gothgar]

Originally posted by: randomlinh
i'll only support it going under if they also let my student loans go under.... heh

that is probably unlikely

 

[dmcowen674]

Too big to fail

:laugh:

Oh and as I predicted in January 2007

 

[miketheidiot]

citi is the epitome of too big to fail. If city goes under, fuck buying gold or bond or w/e, its time to start buying land.

 

[dmcowen674]

Originally posted by: miketheidiot
If city goes under, fuck buying gold or bond or w/e, its time to start buying land.

Ah but you forgot, Americans do not own land anymore since USSC decision a few years ago.

 

[Zim Hosein]

Federal regulators were considering a new rescue for Citigroup on Sunday, a step that could mark a third leg of the government?s broader efforts to bolster the nation?s financial industry, according to people briefed on the plan.

Under the proposal, the government would shoulder losses at Citigroup if those losses exceeded certain levels, according to these people, who spoke on the condition that they not be identified because the plan was still under discussion.

If the government should have to take on the bigger losses, it would receive a stake in Citigroup. The banking giant has been brought to its knees by gaping losses on mortgage-related investments.

If approved, the plan could serve as a model for other banks, heralding another shift in the government?s morphing financial rescue. The Treasury Department initially proposed buying troubled assets from banks but then reversed course and began injecting capital directly into financial institutions.

Plan Begins to Emerge to Rescue Citigroup

 

[IEC]

Originally posted by: Skoorb

Originally posted by: z0mb13

Originally posted by: Skoorb

Originally posted by: CalvinHobbes
I'll be buying below $4

I'm buying when it's below $2.50.

See where we're going with this?

--

I hope Citi goes belly up for "upgrading" my 5% cash advance card a few years back to the POS it currently is. Once I accumulate enough for another cash back check from them I'm done with that card.

wow such anger for such a small thing!

NEVER CROSS ME

Citi is now endorsed by Skoorb for DESTRUCTION!!!

Mwahahaah!

 

[SP33Demon]

Nope, they should be ok. Just fear in the sector in conjunction with Citi's bad management.

 

[Nerva]

too big to fail. they won't let citi go.