Citadel Denies Collapse Rumors October 24, 2008 Citadel Investment Group moved quickly to squelch rumors on Wall Street that the giant hedge fund was in serious trouble. âCategorically false,â a spokeswoman for the Chicago firm told the Wall Street blog Dealbreaker. âCitadel continues to invest and operate business as usual across the globe. The firmâs liquidity remains strong with more than 30% of investment capital held in cash.â According to the rumors, both the Federal Reserve and U.K. Financial Services Authority were in Citadelâs offices today, discussing how to handle the collapse of the $20 billion alternative investments giant. The Citadel spokeswoman also denied that the firm was seeking access to the Fedâs discount window. http://www.finalternatives.com/node/5867
BURN BABY BURN! Where will the Enron trading crew wind up next? New York or back to Houston? Jeez, one day its catered lunch on 33 with the global equities boys and then the next day its Wilbur's Barbeque on a paper plate in Houston. What a bitch. If there is any justice in the universe...
Word is Cit is currently planning to liquidate; they're a few ticks away from imploding, which is why the Fed is there right now.
Where there is smoke, there is fire, but let's hope that this all is BS. if they go down and liquidate, it is going to be very nasty.
Have not watched it for a while. Actually planning to watch FastMoney tonight. Sometimes what is being said is funnier than sit comms. In other times, just interesting to see other people opinions.