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Citibank now claims they are working at a profit?
Shares are down 80 percent- since the beginning of the year,
Rose this morning to $1.30 a share.
Operating at a profit for the first two months of 2009??
In fact one article states that according to a CEO- "it's first quarterly performance so far has been the bank's best since the last time it recorded net income for a full quarter that was in the july-September period in 2007".
Pandit: Citi operating at profit through February (http://news.yahoo.com/s/ap/20090310/ap_on_bi_ge/citigroup_ceo_letter;_ylt=Am.wiVlML3v6zm80WOQMVkWy BhIF - broken link)
This is after Citi received $45 Billion dollars from the bail out.
After receiving the funds, one of the first reports was about Citi
planning on buying a $ 50 million dollar jet to fly bailed out CEO's around.
Certainly they have given out bonuses like the other bailed out banks.
Last week it looked like the end of Citi was closer as it stock dropped to a $1 and now they are operating at a profit? By the end of the week will they have their hands out for more bail out funds?
Things don't seem to add up right to me.
Who is doing the math here?
This is just another round of the game they have become so good at playing.
Seems to me like a weak attempt to drive their stock prices back up.
The math just doesn't add up.
Does this make any sense to you?
President Obama is proposing education reform- perhaps it should start with teaching the CEO's some basic mathematics!
Last edited by Awakening Escapade; 03-10-2009 at 10:40 AM..
Citibank now claims they are working at a profit?
Shares are down 80 percent- since the beginning of the year,
Rose this morning to $1.30 a share.
Operating at a profit for the first two months of 2009??
In fact one article states that according to a CEO- "it's first quarterly performance so far has been the bank's best since the last time it recorded net income for a full quarter that was in the july-September period in 2007".
Pandit: Citi operating at profit through February (http://news.yahoo.com/s/ap/20090310/ap_on_bi_ge/citigroup_ceo_letter;_ylt=Am.wiVlML3v6zm80WOQMVkWy BhIF - broken link)
This is after Citi received $45 Billion dollars from the bail out.
After receiving the funds, one of the first reports was about Citi
planning on buying a $ 50 million dollar jet to fly bailed out CEO's around.
Certainly they have given out bonuses like the other bailed out banks.
Last week it looked like the end of Citi was closer as it stock dropped to a $1 and now they are operating at a profit? By the end of the week will they have their hands out for more bail out funds?
Things don't seem to add up right to me.
Who is doing the math here?
This is just another round of the game they have become so good at playing.
Seems to me like a weak attempt to drive their stock prices back up.
The math just doesn't add up.
Does this make any sense to you?
President Obama is proposing education reform- perhaps it should start with teaching the CEO's some basic mathematics!
Well the government needs to prove the bailouts are working, and socialism is great have to use that government math.
I wish I would have had the money to put in the stock market. I actually was telling people to load up on Citi shares when they were down around a buck.
This yo-yoing of the bank shares could make a whole bunch of new millionaires.
I wish I would have had the money to put in the stock market. I actually was telling people to load up on Citi shares when they were down around a buck.
This yo-yoing of the bank shares could make a whole bunch of new millionaires.
Yep! My dad just invested quite a few... he's buying up bank shares for pennies on the dollar.
the math is done by those indians that took our jobs
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