Political Forums - Citibank not too big to fail?

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OvenMaster

07-15-2009 10:44 PM

Citibank not too big to fail?

Additional bailout unlikely; bankruptcy speculation; TARP "investment" wiped out?:
http://www.bloomberg.com/apps/news?p...d=a_YL57lGp8ds

cabinover

07-16-2009 06:46 AM

Let the chips fall brother.

noonereal

07-16-2009 07:02 AM

Quote:

Originally Posted by OvenMaster (Post 2658)

TARP "investment" wiped out?

No, tarp monies would be paid back through bankruptcy restructuring or sale of assets.

noonereal

07-16-2009 07:06 AM

Quote:

Originally Posted by cabinover (Post 2661)

Let the chips fall brother.

I disagree. This would potentially hurt so many small business that IMHO it is irresponsible. Whatever the future holds for CitiGroup clearly the overall health of our sociaty needs to come first.

merrylander

07-16-2009 07:19 AM

As I have stated elsewhere, our mortgage system was designed by thieves for thieves, looks like some chickens are coming home to roost. Peek took CIT into sub-primes and credit default swaps.

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