Since they used my money, or money from China on my behalf, for the purchase of Citi, will I see something from the sale of my company??
So who will be the favored customer?
[quote]LSUPOWERDC wrote:
Since they used my money, or money from China on my behalf, for the purchase of Citi, will I see something from the sale of my company??[/quote]
I think they are going to use the money to put into a lock box to help with the payment of Obamacare.
[quote]LIFTICVSMAXIMVS wrote:
This is what government ownership did to this company.[/quote]
I’m sure that nothing to do with a floundering economy or the bank’s own financial missteps and errors.
Nope, completely the government…
[quote]FightinIrish26 wrote:
[quote]LIFTICVSMAXIMVS wrote:
This is what government ownership did to this company.[/quote]
I’m sure that nothing to do with a floundering economy or the bank’s own financial missteps and errors.
Nope, completely the government…[/quote]
I think this will be the first time I have to agree with Rosie on this. The use of Subprime lending and holding on to the loans is what hurt them.
[quote]dmaddox wrote:
[quote]FightinIrish26 wrote:
[quote]LIFTICVSMAXIMVS wrote:
This is what government ownership did to this company.[/quote]
I’m sure that nothing to do with a floundering economy or the bank’s own financial missteps and errors.
Nope, completely the government…[/quote]
I think this will be the first time I have to agree with Rosie on this. The use of Subprime lending and holding on to the loans is what hurt them.[/quote]
Are you doing that fun thing Dr Cox (scrubs) does to JD? Always using a womans name when he speaks to him, or about him. If so Yay! I love when that happens.
V
[quote]thefederalist wrote:
The former require more restructuring and long term assistance. [/quote]
Haha, they ‘require.’ Just let them fail, I mean they are evil capitalist after all are they not?
I wonder what happened to all the toxic assets? Will they still be attached to Citigroup or are they now attached to the Fed?
[quote]dmaddox wrote:
[quote]LSUPOWERDC wrote:
Since they used my money, or money from China on my behalf, for the purchase of Citi, will I see something from the sale of my company??[/quote]
I think they are going to use the money to put into a lock box to help with the payment of Obamacare.[/quote]
Newspeak Dictionary Entry
“Lockbox” (noun) A drawer into which IOU’s are placed for money that has been spent immediately upon receipt.
[quote]dmaddox wrote:
[quote]FightinIrish26 wrote:
[quote]LIFTICVSMAXIMVS wrote:
This is what government ownership did to this company.[/quote]
I’m sure that nothing to do with a floundering economy or the bank’s own financial missteps and errors.
Nope, completely the government…[/quote]
I think this will be the first time I have to agree with Rosie on this. The use of Subprime lending and holding on to the loans is what hurt them.[/quote]
And who blackmailed banks into making loans to people that could not pay them back? Who created a market for bad loans? If gov’t creates a market for shit, forces people to sell their shit, you can expect wall street to trade in shit.
Why did home prices start escalating faster than normal inflation?
Why did banks start lending to people that couldn’t pay them back?
These are the important questions.
[quote]Rockscar wrote:
The big question is who will buy it?
[/quote]
Me.
I have been holding a good bit and since it has been stepping up for the past couple of months, I’m considering another purchase.
Long term. Not the day trading type of stuff.
[quote]LSUPOWERDC wrote:
Since they used my money, or money from China on my behalf, for the purchase of Citi, will I see something from the sale of my company??[/quote]
Only if you buy it, let it grow, and collect dividends when they start issuing them again.
[quote]FightinIrish26 wrote:
Wow… the gov’t is sellin off their shares of the last big bank they had stock in.
So all you crazy fucks that said “They’re taking over the banks! We’re turning socialist!” were wrong- the government, acting like good capitalists, are selling the shit for a profit.
I hope the T-Nation Militia will remember this next time they cry that the sky is falling.
So you’ve trumped those that speculated on some gov’t action by speculating they’ll be able to sell it for a profit?
If they were to pay back all of the tarp money with interest, it would not be a complete disaster. Arbitrarily fucking with market signals and operation is not going to have a net positive result, but paying it back would make it a bit better. Too bad that isn’t going to happen.
I don’t really get the point of this thread. The banking industry is the most heavily regulated domestic industry and it’s risk was socialized. The gov’t has taken over banking, it’s just not a recent phenomenon.
[quote]John S. wrote:
I wonder what happened to all the toxic assets? Will they still be attached to Citigroup or are they now attached to the Fed?[/quote]
A lot of those assets were never “toxic” to begin with.
This whole debacle got as emotional as a gaggle of girls on prom night. Realizing mark to market didn’t work for some things, keeping Glass-Steagal in place, and trying not to legislate who should be able to buy a home would have stopped a lot of this nonsense.
But as Americans it seems its in our nature to take things to extremes.
[quote]John S. wrote:
I wonder what happened to all the toxic assets? Will they still be attached to Citigroup or are they now attached to the Fed?[/quote]
A lot of those assets were never “toxic” to begin with.
This whole debacle got as emotional as a gaggle of girls on prom night. Realizing mark to market didn’t work for some things, keeping Glass-Steagal in place, and trying not to legislate who should be able to buy a home would have stopped a lot of this nonsense.
But as Americans it seems its in our nature to take things to extremes.
[quote]JoeGood wrote:
[quote]John S. wrote:
I wonder what happened to all the toxic assets? Will they still be attached to Citigroup or are they now attached to the Fed?[/quote]
A lot of those assets were never “toxic” to begin with.
This whole debacle got as emotional as a gaggle of girls on prom night. Realizing mark to market didn’t work for some things, keeping Glass-Steagal in place, and trying not to legislate who should be able to buy a home would have stopped a lot of this nonsense.
But as Americans it seems its in our nature to take things to extremes.
[/quote]
Very good at talking out your ass I see. Citigroup went bankrupt for a reason, if the government removes the “assets” that led to it declaring bankruptcy then all it did was pass all that bad debt onto the tax payers(not good). If those “assets” are still on the books of citigroup then no one is going to buy it.(or at least people who don’t want there wealth destroyed).
My guess is the FED has taken on those assets, so while liberals start circle jerkings themselves over the possibility they can sell citigroup they fail to realize the problems are still there.(where as the market would have washed these problems out). You think the government is going to let these “assets” fall? No they will print the money to pay for them.
The fact that people can’t see past today is really troubling.
[quote]John S. wrote:
[quote]JoeGood wrote:
[quote]John S. wrote:
I wonder what happened to all the toxic assets? Will they still be attached to Citigroup or are they now attached to the Fed?[/quote]
A lot of those assets were never “toxic” to begin with.
This whole debacle got as emotional as a gaggle of girls on prom night. Realizing mark to market didn’t work for some things, keeping Glass-Steagal in place, and trying not to legislate who should be able to buy a home would have stopped a lot of this nonsense.
But as Americans it seems its in our nature to take things to extremes.
[/quote]
Very good at talking out your ass I see. Citigroup went bankrupt for a reason, if the government removes the “assets” that led to it declaring bankruptcy then all it did was pass all that bad debt onto the tax payers(not good). If those “assets” are still on the books of citigroup then no one is going to buy it.(or at least people who don’t want there wealth destroyed).
My guess is the FED has taken on those assets, so while liberals start circle jerkings themselves over the possibility they can sell citigroup they fail to realize the problems are still there.(where as the market would have washed these problems out). You think the government is going to let these “assets” fall? No they will print the money to pay for them.
The fact that people can’t see past today is really troubling.[/quote]
Once again stated with all of the certainty of someone with zero experience but a lot of conviction.
Fortunately this is one of those things that time will tell. I’m saying right now that Citigroup will be trading higher next year than this year and higher in 2011 than in 2010. I’m also saying that a lot of those assets will turn out to have way more value than first feared. Will they have full value? Probably not, but they will be worth more than was feared by the doomsayers.
[quote]Vegita wrote:
[quote]dmaddox wrote:
[quote]FightinIrish26 wrote:
[quote]LIFTICVSMAXIMVS wrote:
This is what government ownership did to this company.[/quote]
I’m sure that nothing to do with a floundering economy or the bank’s own financial missteps and errors.
Nope, completely the government…[/quote]
I think this will be the first time I have to agree with Rosie on this. The use of Subprime lending and holding on to the loans is what hurt them.[/quote]
Are you doing that fun thing Dr Cox (scrubs) does to JD? Always using a womans name when he speaks to him, or about him. If so Yay! I love when that happens.
V[/quote]
Double Duce coined the phrase Rosie when he compared Fighting Irish to Rosie Odonnell in another thread. I found it funny and continued the use. I compare the comedy to Eliteballer3 and Enigma666 threads.
[quote]dhickey wrote:
[quote]dmaddox wrote:
[quote]FightinIrish26 wrote:
[quote]LIFTICVSMAXIMVS wrote:
This is what government ownership did to this company.[/quote]
I’m sure that nothing to do with a floundering economy or the bank’s own financial missteps and errors.
Nope, completely the government…[/quote]
I think this will be the first time I have to agree with Rosie on this. The use of Subprime lending and holding on to the loans is what hurt them.[/quote]
And who blackmailed banks into making loans to people that could not pay them back? Who created a market for bad loans? If gov’t creates a market for shit, forces people to sell their shit, you can expect wall street to trade in shit.
Why did home prices start escalating faster than normal inflation?
Why did banks start lending to people that couldn’t pay them back?
These are the important questions.[/quote]
I agree that these are important questions and IMO they all start with the American Dream and the Feds insistance that all people own a home.