Asian traders launch Citi rumor

Citi Bankruptcy Rumours - The Truth

Rumours hit the Here Is The City news desk this morning that Citi was likely to file for Chapter 11 bankruptcy imminently, after Middle-Eastern investors, specifically the Abu Dhabi Investment Authority, had allegedly pulled its $7.5bn investment in the company.

The implications of Citi filing for Chapter 11 are clearly huge, and the rumour mill is currently working overtime ...

http://news.hereisthecity.com/news/business_news/7479.cntns

 

OMG.. crank up the house music, hit it DJ!!

 

i think someone will come in to bail them out just like in northern rock

 

Considering how often they fuck up my mortgage payment application, I'm not surprised.

 

ch 11 on citi would probably sink the dow to 10,000 in a matter of a hours.......

 

did any of you even bother to read the article?? jesus

it's a bogus rumor.

 

Don't you know to sell the news and buy the rumor!?!?

 

Citi to Exceed Targeted Capital Ratios Pro Forma for Fourth Quarter 2007; Nearly $30 Billion of Capital Raised or Priced Over Last 2 Months

 

<object width="425" height="355"><param name="movie" value="http://www.youtube.com/v/st1lH8zcIuQ&rel=1"></param><param name="wmode" value="transparent"></param><embed src="http://www.youtube.com/v/st1lH8zcIuQ&rel=1" type="application/x-shockwave-flash" wmode="transparent" width="425" height="355"></embed></object>