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Author Topic: Citigroup in trouble  (Read 1096 times)

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Offline Kosh

  • A year behind what's funny
  • 210
Citigroup in trouble
on: January 13, 2009, 08:00:46 pm
Didn't these guys get bailed out earlier?


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......
"The reason for this is that the original Fortran got so convoluted and extensive (10's of millions of lines of code) that no-one can actually figure out how it works, there's a massive project going on to decode the original Fortran and write a more modern system, but until then, the UK communication network is actually relying heavily on 35 year old Fortran that nobody understands." - Flipside

Brain I/O error
Replace and press any key
 

Offline Dilmah G

  • Failed juggling
  • 211
  • Do try it.
Re: Citigroup in trouble
Reply #1 on: January 13, 2009, 09:47:10 pm
Until it rights itself or takes everyone down with it
 

Offline BloodEagle

  • 210
  • Bleeding Paradox!
    • Steam
Re: Citigroup in trouble
Reply #2 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. :|
  

Offline Dilmah G

  • Failed juggling
  • 211
  • Do try it.
Re: Citigroup in trouble
Reply #3 on: January 13, 2009, 10:49:53 pm
Unfortunately, that probably is true
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