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  #1  
Old 07-15-2009, 10:44 PM
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OvenMaster OvenMaster is offline
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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
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  #2  
Old 07-16-2009, 06:46 AM
cabinover cabinover is offline
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Let the chips fall brother.
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  #3  
Old 07-16-2009, 07:02 AM
noonereal noonereal is offline
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Quote:
Originally Posted by OvenMaster View Post
TARP "investment" wiped out?
No, tarp monies would be paid back through bankruptcy restructuring or sale of assets.
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Old 07-16-2009, 07:06 AM
noonereal noonereal is offline
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Originally Posted by cabinover View Post
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.
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  #5  
Old 07-16-2009, 07:19 AM
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merrylander merrylander is offline
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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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