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Off-Topic Discussion => General Discussion => Topic started by: Kosh on January 13, 2009, 08:00:46 pm

Title: Citigroup in trouble
Post by: Kosh on January 13, 2009, 08:00:46 pm

 Didn't these guys get bailed out earlier? (http://www.forbes.com/wallstreet/2009/01/13/banking-citigroup-pandit-biz-cx_lm_0113citigroup.html)


As a matter of fact they did:

Quote

Already the first $350 billion of the Treasury's TARP funds have gone to inject capital into Citi and its fellow banks, not to mention insurance companies and automakers. Treasury and Federal Reserve officials have waffled between wanting to use the TARP to buy troubled assets and using it to make direct preferred equity investments.

I wonder how much more money citigroup is going to burn though......

Title: Re: Citigroup in trouble
Post by: Dilmah G on January 13, 2009, 09:47:10 pm

Until it rights itself or takes everyone down with it

Title: Re: Citigroup in trouble
Post by: BloodEagle on January 13, 2009, 10:04:35 pm

Quote from: Dilmah G on January 13, 2009, 09:47:10 pm

Until it rights itself or takes everyone down with it

That does seem to be the likely outcome of this nonsense. :|

Title: Re: Citigroup in trouble
Post by: Dilmah G on January 13, 2009, 10:49:53 pm

Unfortunately, that probably is true