What could be in C's derivatives portfolio? http://www.reuters.com/article/ousiv/idUSTRE4AK81820081121
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%?
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.
C is a worthless POS. You can read up here -- http://www.elitetrader.com/vb/showthread.php?threadid=145760