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Old 11-20-2008, 07:33 PM
 
Location: Charlotte, North Carolina
5,137 posts, read 15,829,321 times
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oh my!

Citigroup May Seek Merger As Stock Slides Further - Financials * US * News * Story - CNBC.com
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Old 11-20-2008, 08:03 PM
 
706 posts, read 1,222,399 times
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CNBC usually gets these rumors wrong. They had good info on Citi when Maria Bartiromo was playing under Todd Thompson's desk.
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Old 11-20-2008, 09:13 PM
 
Location: Los Angeles Area
3,306 posts, read 3,743,882 times
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This isn't surprising to anybody that has paid any attention to the financial industry over the last few years.

Citigroup is going to collapse in some form or another. And its about time.
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Old 11-20-2008, 09:35 PM
 
Location: Georgia, on the Florida line, right above Tallahassee
10,474 posts, read 14,798,064 times
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Citi lobbys lawmakers, SEC to reinstate short sell ban: WSJ - MarketWatch
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Old 11-20-2008, 10:01 PM
 
718 posts, read 2,210,759 times
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Citigroup always was and still is too big. After 53,000 job cuts they are still too big. They will be shorted until their death, unless the government bails them out. On principle, I am personally tired of useless bailouts and new banks who do business honestly should emerge. However, the loss of Citigroup further decreases our competitive advantage through 2010 as a capital market power. A loss in any competitive advantage just means deeper recession in the coming years.
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Old 11-20-2008, 11:58 PM
 
Location: Albemarle, NC
7,730 posts, read 13,347,867 times
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I sort of understand why they wanted Wachovia, for the deposits. However, does it really seem like a good decision to combine two failing companies? Wells was a better choice IMO.
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Old 11-21-2008, 12:22 AM
 
3,852 posts, read 12,203,221 times
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Quote:
Originally Posted by Humanoid View Post
This isn't surprising to anybody that has paid any attention to the financial industry over the last few years.

Citigroup is going to collapse in some form or another. And its about time.
I wouldn't be surprised. Was looking at their balance sheet. Like 2 trillion assets, 1.95 trillion liabilities.

citi is insolvent!
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Old 11-21-2008, 03:51 AM
 
706 posts, read 1,222,399 times
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Quote:
Originally Posted by killer2021 View Post
I wouldn't be surprised. Was looking at their balance sheet. Like 2 trillion assets, 1.95 trillion liabilities.

citi is insolvent!
what's the real value of those assets? 50 cents on a dollar? Insolvent
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