GM and C likely going bankrupt on monday.

Discussion in 'Trading' started by dsq, Nov 21, 2008.

  1. Reuters: Citigroup talking to U.S. govt about options
     
    #11     Nov 21, 2008
  2. mxjones

    mxjones

    Every weekend "bond tr4der" starts a thread about someone gong bankrupt and provides no links, or bogus links.

    He did it with AIG, he has started multiple threads about GM and C, and now this one.

    Oh wait, this thread was started by "dsq". NOT A CHANCE it could be the same person with multiple aliases.

    When does your shift at McDonalds start, loser?
     
    #12     Nov 21, 2008
  3. mxjones

    mxjones

    You beat me to it.
     
    #13     Nov 21, 2008
  4. You are aware that AIG had its loan terms reorganized with another bailout. Why do you think would have happened if the govt refused a third bailout?
     
    #14     Nov 21, 2008
  5. from yahoo mboards!!


    Somali Pirates in Discussions to Acquire Citigroup 21-Nov-08 01:30 pm Somali Pirates in Discussions to Acquire Citigroup


    November 20 (Bloomberg) -- The Somali pirates, renegade Somalis known for hijacking ships for ransom in the Gulf of Aden, are negotiating a purchase of Citigroup.

    The pirates would buy Citigroup with new debt and their existing cash stockpiles, earned most recently from hijacking numerous ships, including most recently a $200 million Saudi Arabian oil tanker. The Somali pirates are offering up to $0.10 per share for Citigroup, pirate spokesman Sugule Ali said earlier today. The negotiations have entered the final stage, Ali said.

    "You may not like our price, but we are not in the business of paying for things. Be happy we are in the mood to
    offer the shareholders anything," said Ali.

    The pirates will finance part of the purchase by selling new Pirate Ransom Backed Securities. The PRBS's are backed by the cash flows from future ransom payments from hijackings in the Gulf of Aden. Moody's and S&P have already issued their top investment grade ratings for the PRBS's.

    Head pirate, Ubu Kalid Shandu, said: "We need a bank so that we have a place to keep all of our ransom money. Thankfully, the dislocations in the capital markets has allowed us to purchase Citigroup
    at an attractive valuation and to take advantage of TARP capital to grow the business even faster."

    Shandu added, "We don't call ourselves pirates. We are coastguards and this will just allow us to guard our coasts better."

    *CITI IN TALKS WITH SOMALI PIRATES FOR POSSIBLE CAPITAL INFUSION

    *WILL REQUIRE ALL CITI EMPLOYEES TO WEAR PATCH OVER ONE EYE

    *SOMALIAN PIRATES APPLY TO BECOME BANK TO ACCESS TARP

    *PAULSON: TARP PIRATE EQUITY IS AN `INVESTMENT,' WILL PAY OFF

    *KASHKARI SAYS `SOMALI PIRATES ARE 'FUNDAMENTALLY SOUND' '

    *Moody's upgrade Somali Pirates to AAA

    *HUD SAYS SOMALI DHOW FORECLOSURE PROGRAM HAD `VERY LOW' PARTICPATION

    *SOMALI PIRATES IN DISCUSSION TO ACQUIRE CITIBANK

    *FED OFFICIALS: AGGRESSIVE EASING WOULD CUT SOMALI PIRATE RISK
    :D :D :D
     
    #15     Nov 21, 2008
  6. mxjones

    mxjones

    I am aware that you are an idiot with multiple aliases that starts threads like this on a regular basis...especially on weekends.

    I am aware that you either provide no links or bogus links to back up your statements.

    I am aware the you are completely stupid for thinking that you influence anyone or anything by posting B.S. on Elite Trader.
     
    #16     Nov 21, 2008
  7. dsq

    dsq


    Sorry, but 1 ID is enough for me to post to fuckin idiots like yourself.
    Thanks,but no thanks for the tip.

    Do you even have a checking account?
    12 yrs old?
    lonely?
     
    #17     Nov 22, 2008
  8. why buy C if your JPM? The goverment gave them bear for free. they got washington mutual for a steal and grow there banking business to another level. I don't see what C offers them. I don't think MS or GS can afford the risk.
     
    #18     Nov 22, 2008