Posted on 11/21/2008 6:39:32 PM PST by rabscuttle385
If I’m not mistaken, Citi is the larges financial institution in the WORLD.
That Alaweed (sp) arab guy that brought a load of CitiBank stock must be steamed.
Same here!! Between Citi going under and Obama being elected, it's TRUE... I WON'T have to worry about paying my mortgage!! /sarc
Sadly, no. I have a personal loan with them...
This type of constant news is why there is a silver lining in Obama’s win- NOTHING he will do will “fix” it. It will keep getting worse. The only thing he can do is delay or hasten the recovery. I bet the former, as govt is incapable of deciding on the latter.
not anymore, it is just the 5th largest in US now.
Inquiring minds want to know....
Where do you get a cup of joe for $0.50???
Well, if you’re ever in downtown Los Angeles, you can get a cup of coffee for 9 cents at this place:
Citi is hard up they charged me a late fee. But I know it got to them in time.
I got the lowdown from a few brokers. Citibank has had buy offers for two weeks and turned them down FLAT!
I wish the truth was being reported.
The Arabs own 20% of CitiCorp. And they do not want to divest of some of the banks asets, and want US taxpayer dollars?
Where were they when we asked OPEC to pump more oil?
What goes around comes around.
NO taxpayer money. NONE!
Citi needs to sell some of its divisions off.
“Where do you get a cup of joe for $0.50???”
Make it at home and the entire pot costs a lotless than that!
Coffee at Mc Donalds only costs $0.25 with all the refils that you want or #0.10 if you buy food.
They purchased the loan on my house about 4 months ago and I am a prime customer. I was hoping it meant they had a portfolio full of loans like mine. Guess not.
This is true.
We are undergoing a massive deflation in this crisis, and very, very few observers are calling it thus. The government will try all sorts of stuff to try and stem this tide, but with each new effort, they'll find they're pushing on a string.
All the excesses of the past 60+ years are going to be expunged, come hell or high water. That period of time represents a lot of excess, and we still have a ways to go.
It doesn't mean the end of the economy or the end of the world (well, between the current cast of characters and the Bozos coming in, it does look disheartening, but...), but it does mean we have to start looking at things from a much different perspective. That, believe me, is the only change we can truly believe in today.
We've lived in an inflationary environment for so long, no one knows about deflation, it's effects, and how to get a handle on it.
That's why we have books written by people like Ludwig von Mises, Murray N. Rothbard, and Lew Rockwell, among others. It's time to re-familiarize ourselves with their writings.
We ought to start a teaching-type effort about such things here on FR. Give ourselves a chance to get a good jump on tomorrow. For those of us who can discern, and profit from, new emerging opportunities, we'll indeed be able to say, "It was the best of times, it was the worst of times..."
CA....
Candor7: " The Arabs own 20% of CitiCorp. And they do not want to divest of some of the banks asets, and want US taxpayer dollars? Where were they when we asked OPEC to pump more oil? What goes around comes around. NO taxpayer money. NONE!"
Well then, let me also repeat myself:
According to Victory: The Reagan Administration's Secret Strategy That Hastened The Collapse of the Soviet Union, by Peter Schweizer, the Saudis, at Reagan's request, lowered the price of oil, and increased pumping, to force down the price of Soviet oil on the market. This was a key element in bankrupting the Soviet Union and bringing about the fall of East European Communism.
Thus, the Saudis achieved more for world freedom in modern times, than any other nation in the mideast.
Probably not what you want to hear, but facts are facts.
Thanks for that link!
They own my mortgage also.
Perhaps we won’t have to make payments anymore... (yea, right)
“Citi is hard up they charged me a late fee. But I know it got to them in time.”
The mega-banks act like scum. You can do better at a credit union.
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