I have placed my family in a gitmo styled cell today.....12:00 Vikings game, 17:00 "C" news and futures start....then JACK is BACK at 19:00! I will let them out later after "24" is done!!! :eek:
I kindly expressed to the wife that 24 is really one of the only shows I'm committed to and that if by some reason she is the cause of why I would miss this very important 2 hours...this is ground for divorce! LMAO
That number seems far too small. Especially for the amount of rumoring and chatting going on this weekend. Current best guess is Citi management rejected Paulson's terms and this is a very temporary stopgap until either Citi gets even more desperate or Paulson or Congress blinks. Or quite possibly this is the outgoing administration flipping Citi the bird and leaving the mess to the incoming administration.
I'm really at a loss for words on this. When I first read that Citi would be getting something like the original TARP deal, well that made sense.. The government needs to take the other side of the toxic trade and hold the position because no one else can. Taking more equity positions straight out is simply giving liquidity to people who want to get out. They either start doing the original TARP plan now or later.
Maybe Paulson is just putting in a stopgap measure before he goes to Congress for the next $350 billion? http://online.wsj.com/article/SB122747905110751527.html