Discussion in 'Stocks' started by luxor, Nov 23, 2008.
That's madness ... Citi could go to pennies. Might not, but why on earth take that gamble? I sure hope you are young and haven't saved much yet.
Here's what the feds are going to send the taxpayers:
Pretty crazy putting your 'life savings' into C. Its probably headed lower.
However, I admit I bought a bunch of 5 calls friday in case something positive was worked out over the weekend.
its a few grand lotto ticket but worth it if it pans out.
Makes it go up:
1. Sell off business unit
2. Private investor
Citi takes mild loss:
1. Citi says nothing.
Citi takes large loss:
1. Government bailout.
2. Ch. 11
How about CEO steps down?
BIG moves (positive) in futures, anyone know what the news is?
just reached a deal on Citi apparently.
300 billion "backstop" on Bad Assets
20 billion infusion @ 8%
not sure on equity stake OR management changes.
Up. We just don't want the government to get the preferred. If they do the common will take a bath.
Doesn't look like they did
I assume the $20 billion infusion @ 8% is preferreds.
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