To: B4Ranch
Citibank doubled last weekend. Not too often we see that.
The reason I said that I ALMOST regret that CITI didn't implode
is that I have co-worker/friend that depends on a sizeable CITI
bond for interest income.
He was all smiles when I handed him the stock report that "C"
had finished up something like 60% (on Monday?)...when it was
rumoured to be on the edge of total collapse.
Maybe CITI will give thanks today...
and "straighten up and fly right".
As the staff at CNBC said after the CITI resurgence/bailout,
looks like the US government won't let any sizeable bank fail,
no matter how large.
(I suppose this means we taxpayers should be ready for any measure of
inflation, no matter how large.)
18 posted on
11/27/2008 7:28:06 AM PST by
VOA
To: VOA
I am wondering how substantial it will be myself. The price of oil will be the controlling factor I presume.
26 posted on
11/27/2008 12:44:53 PM PST by
B4Ranch
(Forbidden subject on FR.com--> "How should people respond to a government of looters? ")
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