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Citigroup collapses! Banking Shutdown Possible

 
TB
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User ID: 560533
Venezuela
11/27/2008 09:24 PM
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Citigroup collapses! Banking Shutdown Possible
It pains me deeply to announce that, despite the massive government rescue, yesterday’s collapse of Citigroup could ultimately lead to a shutdown of the global banking system.

For many years, I hoped this would never happen, and I thought we might be able to avoid it.

Indeed, that’s why, my firm, Weiss Research, first began rating the safety of the nation’s banks in the early 1980s, and why I later founded Weiss Ratings, a separate subsidiary dedicated exclusively to safety ratings — on thousands of banks, insurance companies, brokerage firms, mutual funds and stocks.

Link: [link to www.moneyandmarkets.com]
TB (OP)

User ID: 560533
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11/27/2008 09:26 PM
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Re: Citigroup collapses! Banking Shutdown Possible
warning of a complete market crash, this is it.
Bob™

User ID: 555927
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11/27/2008 09:28 PM
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Re: Citigroup collapses! Banking Shutdown Possible
That was several days ago, prior to a gigantic bailout.

So, you're a little behind on your news.
TB (OP)

User ID: 560533
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11/27/2008 09:29 PM
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Re: Citigroup collapses! Banking Shutdown Possible
That was several days ago, prior to a gigantic bailout.

So, you're a little behind on your news.
 Quoting: Bob™

three days, it is importan news, there are always new users online.
Bob™

User ID: 555927
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11/27/2008 09:33 PM
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Re: Citigroup collapses! Banking Shutdown Possible
Why is this pinned? Citigroup was *bailed out* by the federal government several days ago.

This crisis is several days old, and it has been resolved (at least for now).

e.g., Citigroups's stock has more than doubled since then.

Old/obsolete news.
Anonymous Coward
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11/27/2008 09:33 PM
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Re: Citigroup collapses! Banking Shutdown Possible
bsflag
TB (OP)

User ID: 560533
Venezuela
11/27/2008 09:36 PM
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Re: Citigroup collapses! Banking Shutdown Possible
Why is this pinned? Citigroup was *bailed out* by the federal government several days ago.

This crisis is several days old, and it has been resolved (at least for now).

e.g., Citigroups's stock has more than doubled since then.

Old/obsolete news.
 Quoting: Bob™

you have not read the article, it says, eventhough there was a bailout, citigroup will shut down.
TB (OP)

User ID: 560533
Venezuela
11/27/2008 09:37 PM
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Re: Citigroup collapses! Banking Shutdown Possible
bsflag
 Quoting: Anonymous Coward 560654

blind man can not see, but those who are not blind and yet not see what can be call?
Anonymous Coward
User ID: 551666
United States
11/27/2008 09:38 PM
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Re: Citigroup collapses! Banking Shutdown Possible
bsflag

blind man can not see, but those who are not blind and yet not see what can be call?
 Quoting: TB



Your a douchebag !!!
Anonymous Coward
User ID: 224770
United States
11/27/2008 09:39 PM
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Re: Citigroup collapses! Banking Shutdown Possible
Damn it! You guys keep me on the edge of my seat with this shit! Going to go shopping!
TB (OP)

User ID: 560533
Venezuela
11/27/2008 09:40 PM
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Re: Citigroup collapses! Banking Shutdown Possible
bsflag

blind man can not see, but those who are not blind and yet not see what can be call?



Your a douchebag !!!
 Quoting: Anonymous Coward 551666

:quitbitchi:
falldown

User ID: 520470
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11/27/2008 09:41 PM
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Re: Citigroup collapses! Banking Shutdown Possible
New tally, from prisonplanet...and more people pissed off...

Cost Of Bailout Hits $8.5 Trillion

[link to www.prisonplanet.com]
~
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"He who does not understand your silence will probably not understand your words." ~Elbert Hubbard
TB (OP)

User ID: 560533
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11/27/2008 09:43 PM
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Re: Citigroup collapses! Banking Shutdown Possible
New tally, from prisonplanet...and more people pissed off...

Cost Of Bailout Hits $8.5 Trillion

[link to www.prisonplanet.com]
 Quoting: falldown

from $7.4 to $8.5 in three days, go figure, next week we´ll see $9.8 Trillions, wtf and people still don´t wake up.
Anonymous Coward
User ID: 560599
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11/27/2008 09:44 PM
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Re: Citigroup collapses! Banking Shutdown Possible
Sunday night 11-23-08 was when the Citi bailout was made public.

Monday the 24th is the date of this article.
Geogal

User ID: 373387
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11/27/2008 09:48 PM
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Re: Citigroup collapses! Banking Shutdown Possible
New tally, from prisonplanet...and more people pissed off...

Cost Of Bailout Hits $8.5 Trillion

[link to www.prisonplanet.com]

from $7.4 to $8.5 in three days, go figure, next week we´ll see $9.8 Trillions, wtf and people still don´t wake up.
 Quoting: TB

it's not that they aren't awake to this... yes, I saw some of this a few days ago... it's that Congress WILL NOT stop doing what it's been doing.
Woman of white garment, foreign woman, earth-eating woman, taking and giving life, she is Pele

"ONCE IN HIS LIFE, EVERY MAN IS ENTITLED TO FALL MADLY IN LOVE WITH A GORGEOUS REDHEAD" - LUCILLE BALL
jbar
User ID: 545952
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11/27/2008 10:01 PM
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Re: Citigroup collapses! Banking Shutdown Possible
excellent article...a must read.
Anonymous Coward
User ID: 545952
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11/27/2008 10:03 PM
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Re: Citigroup collapses! Banking Shutdown Possible
Why is this pinned? Citigroup was *bailed out* by the federal government several days ago.

This crisis is several days old, and it has been resolved (at least for now).

e.g., Citigroups's stock has more than doubled since then.

Old/obsolete news.
 Quoting: Bob™


You dumb ass.
Anonymous Coward
User ID: 447567
United States
11/27/2008 10:03 PM
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Re: Citigroup collapses! Banking Shutdown Possible
it's like watching oil soaked rats trying to swim in a pool with no ledges to grasp
TB (OP)

User ID: 560533
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11/27/2008 10:04 PM
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Re: Citigroup collapses! Banking Shutdown Possible
Why is this pinned? Citigroup was *bailed out* by the federal government several days ago.

This crisis is several days old, and it has been resolved (at least for now).

e.g., Citigroups's stock has more than doubled since then.

Old/obsolete news.


You dumb ass.
 Quoting: Anonymous Coward 545952

lol
TB (OP)

User ID: 560533
Venezuela
11/27/2008 10:04 PM
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Re: Citigroup collapses! Banking Shutdown Possible
it's like watching oil soaked rats trying to swim in a pool with no ledges to grasp
 Quoting: Anonymous Coward 447567

sure death

:dancesofde:
BAILOUT CENTRAL
User ID: 559923
United States
11/27/2008 10:06 PM
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Re: Citigroup collapses! Banking Shutdown Possible
BANK OF AMERICA IS NEXT TO REQUEST A BAILOUT
TB (OP)

User ID: 560533
Venezuela
11/27/2008 10:08 PM
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Re: Citigroup collapses! Banking Shutdown Possible
BANK OF AMERICA IS NEXT TO REQUEST A BAILOUT
 Quoting: BAILOUT CENTRAL 559923

there was an article on BOA, says is next to file for bankrupcy.
mopar28m
John 10:22-23

User ID: 559866
United States
11/27/2008 10:09 PM

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Re: Citigroup collapses! Banking Shutdown Possible
I saw Congressman Tom Latham Tuesday at Staples in Ames. I asked him what he thought of the bailout of Citigroup & the bailouts in general. He said "they are crazy".

I then told him how Citigroup was riping off the mortgage holders with convenience fees of $10 to pay our mortgage online.

He said this was definitely something he was going to check into.

[link to www.tomlatham.house.gov]
vaccinefreehealth.spam

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Racin​g to end vaccinations.
Bob™

User ID: 555927
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11/27/2008 10:10 PM
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Re: Citigroup collapses! Banking Shutdown Possible
You dumb ass.
 Quoting: Anonymous Coward 545952

Fuck off, anonymous coward (pussy).

If you can provide any news that we haven't read *three days ago*, then go ahead.

Btw: If Citigroup truly collapses, I will be delighted.
Anonymous Coward
User ID: 553283
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11/27/2008 10:13 PM
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Re: Citigroup collapses! Banking Shutdown Possible
Damit.... when the hell will welsfargo go!!!! I hope they hurry....
Anonymous Coward
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Mexico
11/27/2008 10:16 PM
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Re: Citigroup collapses! Banking Shutdown Possible
I was reading Monday WSJ and they said Citigroup has 1.2 trillion no-declared assets beyond the 2.2 trillion official assets.
what are those $1.2 trillion all about ?? derivatives ?? hedge fund investment ? who knows ??

,
falldown

User ID: 520470
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11/27/2008 10:17 PM
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Re: Citigroup collapses! Banking Shutdown Possible
Apparently, fearful that congress might make these folks stop giving themselves bonuses with the bailout money, they're calling them "retention fees" these days.

[link to www.nakedcapitalism.com]

I guess when you're making hundreds of millions a year, you really need an incentive to stick around...even though you helped get the company into this mess in the first place...

snarl
~
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"He who does not understand your silence will probably not understand your words." ~Elbert Hubbard
Tryptamind

User ID: 366812
Canada
11/27/2008 10:18 PM
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Re: Citigroup collapses! Banking Shutdown Possible
K+
See ya.
Anonymous Coward
User ID: 278642
United States
11/27/2008 10:27 PM
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Re: Citigroup collapses! Banking Shutdown Possible
How can they explain it when the bailout equals the national debt?

I mean, if they could create 9+ trillion over a year, then they might as well just print another and pay off the debt. Wait, I always thought that the debt was in the hands of the banks like citigroup., So if we pay them back their money that we owe, doesn;t that give them the money they need to survive?
Apollo 11

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11/27/2008 10:39 PM
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Re: Citigroup collapses! Banking Shutdown Possible
He said this was definitely something he was going to check into.
 Quoting: mopar28m


Checks in the mail. We'll be in touch. Let's get together someday.
Anonymous Coward
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11/27/2008 10:50 PM
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Re: Citigroup collapses! Banking Shutdown Possible

..


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