To: PAR35; AndyJackson; Thane_Banquo; nicksaunt; MadLibDisease; happygrl; Roy Tucker; GOPJ; dervish; ...
I bank with Citi, and right now, the nearest branch is two hours away, so I suppose that it's nice that soon they will be everywhere, just like Bank of America.
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2 posted on
09/29/2008 6:52:09 PM PDT by
rabscuttle385
(No to bailouts, no to amnesty, no to carbon credits, no to Big Government!)
To: rabscuttle385
Dumb ass Wachovia paid over 30 Billion for Golden West and ts commie owners Simon brothers gave them 64% of their mortgages that are now resetting.
3 posted on
09/29/2008 6:54:16 PM PDT by
scooby321
(Cai)
To: rabscuttle385
Wachovia not long ago purchased A.G. Edwards, where I have my brokerage accounts. Is there a reason for me to be concerned about this merger?
4 posted on
09/29/2008 6:56:47 PM PDT by
MrChips
(MrChips)
To: rabscuttle385
I am not in any way a economist, but it seems that people are just shuffling debt. Like folks that pay off credit cards with other, lower interest credit cards and postponing paying them off.
I don’t know. Maybe this is a good thing and we won’t have to rescue Citigroup in 2 months.
5 posted on
09/29/2008 6:57:17 PM PDT by
autumnraine
(McCain/Palin 08)
To: rabscuttle385
Don’t the Saudis own a near controlling stake in Citi?
8 posted on
09/29/2008 7:05:02 PM PDT by
FreeInWV
(A moose bit my sister. Then Sarah Palin shot it.)
To: rabscuttle385
Under the agreement, Citigroup Inc. will absorb up to $42 billion of losses on a $312 billion pool of loans. The FDIC will absorb losses beyond that. Citigroup has granted the FDIC $12 billion in preferred stock and warrants to compensate the FDIC for bearing this risk. Oh, joy!
11 posted on
09/29/2008 7:08:09 PM PDT by
Gondring
(I'll give up my right to die when hell freezes over my dead body!)
To: rabscuttle385
Where did your headline come from?
To: rabscuttle385
17 posted on
09/29/2008 7:14:19 PM PDT by
Gondring
(I'll give up my right to die when hell freezes over my dead body!)
To: rabscuttle385
I hope I still have my Roth IRA?
19 posted on
09/29/2008 7:17:10 PM PDT by
Wiggins
To: rabscuttle385
So will Wachovia be renamed as Citibank?
To: rabscuttle385
Did you hear BOR tonight???
He showed a letter that he got from one of the people in line to get a copy of his book.
The letter was from the CEO of WaMu dated 7 days before they went belly up.
The letter basially said that WaMu was in good shape.
This guy who gave the letter to BOR invested LOTS of money into it, only to lose all of it.
BOR has forwards the letter to the FBI and wants an investigation.
23 posted on
09/29/2008 7:22:06 PM PDT by
mware
(F-R-E-E, that spells free. FReerepublic,com baby)
To: rabscuttle385
The going ons in this story are why I bank at a locally owned bank. The money stays here in town.
And the bank is very open that there have been inquiries and offers. All turned down.
34 posted on
09/29/2008 7:39:09 PM PDT by
upchuck
(Law of Logical Argument: Anything's possible if you don't know what you're talking about. => nObama))
To: rabscuttle385
the weak taking over the weaker.
robert rubin went to dubai and borrowed 6-7 billion to re-float citi about a month ago.
40 posted on
09/29/2008 7:48:24 PM PDT by
ken21
(people die and you never hear from them again.)
To: rabscuttle385
Now that Wachovia is history, can we tear down that ugly building they put up in downtown Winston?
45 posted on
09/29/2008 7:59:23 PM PDT by
HIDEK6
To: rabscuttle385
The Uppity Woman blog has a detailed expose of the Wachovia failure and it leads back to Sorros and a couple of his billionaire buds. The article also goes into detail about how the democrat party is now owned by billionaire socialists and other leftists. Fascinating.
47 posted on
09/29/2008 8:01:57 PM PDT by
mountainfolk
( God bless President George Bush)
To: rabscuttle385
I kind of favored the name “WackCiti” myself.......
To: rabscuttle385
Let’s not call it Citichovia. As a veteran banker (recovered) I know first hand there is no such thing as a merger in banking. If Nationsbank/BofA wasn’t a merger (it wasn’t, we at BofA got bought) this one sure isn’t.
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