Everyone lies in these conditions. These banks are holding so much shitty-debt, any bad news becomes self-fulfilling. They're all teetering on the precipice. So they lie. Tell everyone shit is fine. Forgetaboutit!! The next day, they go under. Pure jokes.
Citigroup not seeking government aid -- source NEW YORK, Nov 20 (Reuters) - Citigroup Inc (C.N: Quote, Profile, Research, Stock Buzz) is not seeking government aid at the moment, a person close to the bank said on Thursday. http://www.reuters.com/article/marketsNews/idINWEN089720081120?rpc=44 It's funny how things changed so quickly.
And then the Perma-Bulls lament all the uncertainty in the Market.... Get it over with. Let everyone fail. Survivors take-over with strong balance sheets, by default. Confidence is restored. Banks lend again. Investors Buy Again. Whats wrong with that?
Citi getting the AIG treatment. http://www.cnbc.com//id/27873985 Company "survives", stock goes to zilch...?
This has always been my position since Aug 2007. It must be too arcane a view, since I never heard a rebuttal or likemindedness. So when a CEO lies regarding a company's assets and liabilities - taking down American net worth. . .is that NOT criminal? pay$ense
So, now we're back to the government is going to buy toxic assets, I thought last week they wouldn't. They can't figure it out, can they? I am getting tired of having to shuffle my money around because I'm fearful something or another will go under. I'm beginning to consider gold partly because of the convenience factor