citigroup wouldn’t do this if it was going to fall tomorrow
You guys are funny. You do understand that this is a shotgun wedding - with Bernanke holding the shotgun.
Citigroup was going to fail. Taht is why they want to get at our deposits in wachovia. Wachovia failed. Thegovernment fdic took this over so they do not have to come up with the cash. They do not have the cash. This way it all stays on paper.
It was on it's way there according to it's share prices on fridays close.
I just went down and took 85% of my account balances out of Wachovia.
wachovia’s stock has been plummeting.
it went from 13.50 to 10.00 in one day, I have no idea what it is right now.
as for the FDIC, they are in trouble too.
they had a balance of about 45 billion last month, it’s almost gone— and they are considering asking for a $150 billion bailout from the fed.
Right now there are three major banks only.
Citigroup acquired Wachovia...
The bill today is probably gonna go down in flames-
and even if not, it does not fix the problem so there will be even more collapses.
Folks, I’d recommend you all to pay ATTENTION to how this is being mismanaged. This congress is nothing but monkeys with a chainsaw.