Oh no, Citi says it's doing great. (loan, borrow, tax)

[70Ford]

Citi Shareholders Show Rage at Annual Meeting - BusinessWeek

...Pandit said. He added:"I believe to my core that Citigroup has what it takes to rebound, what it takes to rebuild."

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Trading at 3 bucks. Has taken 45 thousand million dollars in government aid. If you need 45 thousand million dollars to succeed, ermm. nevermind.... You're a winner in my book.

Imagine if YOU needed 45 thousand million dollars to say that you will not suck from now on. Imagine if that was your cousin. Imagine what you would say to him..."Dude....No." Not $45, not $4500, not $45 million..........$45 thousand million. Imagine how elated you would feel if someone would loan you 45 thousand million dollars to get back on your feet. Go, go big business!

I'm glad I don't have anything to do with them, other than the tax dollars I'm enevitably going to pay to mop up their mess.

/sigh

[HappyTexan]

I laugh when I read stuff like this. Yeah..they're all doing great, 1Q profits and hey, they didn't really need all that TARP money and plan to pay it back.

Sure, now that they used it for 1Q earnings..pay it back and borrow again mid-June for 2Q earnings.

[killer2021]

Originally Posted by HappyTexan

I laugh when I read stuff like this. Yeah..they're all doing great, 1Q profits and hey, they didn't really need all that TARP money and plan to pay it back.

Sure, now that they used it for 1Q earnings..pay it back and borrow again mid-June for 2Q earnings.

lmao, better yet, declare record dividends and then get another bailout.