GS didn't want C - even with "substantial" government aid

Discussion in 'Wall St. News' started by wilburbear, Nov 21, 2008.

  1. GS is having troubles of it's own.....all the more reason to continue to sell them!
  2. there all going to be owned by the US government in next 12 months
  3. The taxpayer funds already payed into Citi have been wasted - just like money that would go into the auto bailout.

    We can't afford these low-quality, risky investments in good times. How can we afford them with the Dow down 45%?
  4. I don't know much, but this I know:
    GM and F make shitty cars, always have, always will;
    i have credit cards with C and i only have had good experience with them as opposed to with some other banks.

    i don't know what's plaguing C that is different from pretty much all other banks. i suspect that if C goes down, so will 50% of other banks.

    C is just too big to fail. GM/F are too small for anybody to care about. the unemployment is going through the roof with or without GM/F going ch11 because of many problems in the economy. so, from the unemployment point of view there is no reason to bail those losers out.

    bottom line:
    bail C, screw GM/F.
  5. Retired