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All Eyes Shift To Citi's Impending 83% Dilution
So Citi buying Wells' follow on, Wells buying BofA's, and BofA about to buy Citi's? The $50 billion circle jerk in full glory. Looks like the CEOless fbank is about to get the best deal of all (while everyone else bails). Offering to follow shortly.
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Whispers to bring back Glass Steagall growing louder. Can't wait to here the spin on why this is such a bad idea for America.
dont forget the part where GS puts a strong buy on them right before the offerings...
Buying opportunity of a lifetime, BABY! What? With TARP redux right around the corner and the cabal of "too big to fail" bending the Obama administration over and driving them to 'Jersey on a weekly basis, what's there to be concerned about? Do you REALLY believe there's a possibility that Citi will fail or be broken up? Hell, even Ben "Let me show you the worthless fiat currency" Bernanke -- Time's Currency Debaser, er, uh, Person of the Year -- is going to keep doing all he can to ensure that this fraud continues ad infinitum.
Creamer was right: "BUY BUY BUY 'C'!!!!!!" Double-down on the "BIG C" and c'mon in with Tim-AY and Co. for the big win!
If this gets back below 2$ a share I will be buying this stock by the boatload. It's basically a penny stock that is backed by the US at that point. Of course, this will not be money that I need to live, think of it as "casino money."
Man thats a citiload of dilution!
LOL... "citiload"
Why would anyone buy C crap. They are moving towards 0, are bankrupt, insolvent, and all they care about is bonus's. They have no interest in investor relations, could care less about shareholders and charge good accounts 30% interest on there distressed credit cards.
I just don't get it. I think the Mustang ranch here in Nevada would give you a better return on your money.
Thanks for the fresh air Tyler.
$50 billion circle jerk... Now there's a headline.
Ugh, forgot to log in again.
Post should be up soon re C insolvent, bankrupt. etc.
How many shares outstanding does that make for C now? About 568 quadrillion? Can you buy thi crap with Zimbabwean dollars?
I'm pretty sure Cramer recommended Citi the other night. I think he said $12 in two or three years.
$0.12, adjusted for inflation.
Well, will post again. How can anyone buy C crap. Now under 4, they are bankrupt, insolvent, care nothing about investors or shareholders. Want out of TARP so they can pay inept executives absurd bonus's. Their distressed credit card charges 30% interest to good clients and management is a disaster. I think you could get a better return from one of our brothels here in Nevada and have more fun. Kinda like Tiger.
Why would anyone buy this offering. Drives me nuts.
Thanks for all the fresh air Tyler.
Be fair now, the bunny ranch has great turnover, even if business has dropped off recently.
This just in: Goldman Suchs just placed "C" on the "Super-duper Absofuckinlootely Don't-Ask-Questions-Just-Pull-the-Trigger Conviction-Back-up-the-Truck and BUY-BABY-BUY list"
Who'd a guessed?
Back door bailout of C via 38 billion in tax breaks. http://finance.yahoo.com/tech-ticker/citigroup-gets-huge-new-38-billion-bailout-wiping-out-all-of-taxpayer's-%22profits%22-391719.html?tickers=c,xlf,dia,spy,wfc&sec=topStories&pos=8&asset=&ccode=
This is a farcical situation, we are still talking about subsidizing stock holders when even the senior debt holders should be wiped out - yet we have a Sovereign debt crisis building - why is this? , what is this and who the F$#k reinvented capitalism?
The goobermnint is looking to sell some stock.. step right up folks..
The vortex is spinning faster now..must be nearing the blorp hole event.
-MobBarley
"Be fair now, the bunny ranch has great turnover, even if business has dropped off recently."
Now that's funny...on many levels.
Maybe a prescription is called for...LOL.
nmewn
sheesh. it's really too bad that TA is worthless and that 'charts' don't have predictive value.
FTU: Fibozachi Technical Update - 12.15.09
Step right up! Git yer CitiNotes and CitiBills right here folks!
......better get baby new shoes...cuz he's going to need them....
C should be minus $50.00. Isn't this the 3rd dilution? Like I said renew that 700 bil tarp goes a long way. Think of it like the Fed buying MBS and holding till hell freezes over when they think it'll recover. No free market here folks that let you buy at correct discounts. Oh well, maybe the next crisis will let you in.
I heard something about a reverse split. That ought to be fun for people looking to short this thing.
ill buy the citi shares for 50cents