How does Citibank have a 'profit' in a quarter it gets a welfare check?

Discussion in 'Wall St. News' started by swtrader, Mar 10, 2009.

  1. ?????
  2. eagle


    Did Pandit have just violated the rule by revealing a part of the quarterly report?

    That show C or him is really in the panic mode.
  3. axehawk


    It's called "cooking the books".
  4. Take a basic accounting course, dude......difference between income statement and balance sheet.
  5. no, it's simpler than that

    if you're claiming a 'profit', YOU DONT NEED A FUCKING WELFARE CHECK

    and it you ARE needing a welfare check, you dont have a profit

    simple as that
  6. zdreg


    the welfare check is a norecurring (?) profit.
  7. boo hoo hoo

    dont be a crybaby. go long and make $$

    the market is not fair or rational. Citi has profit. woo hoo.
  8. [​IMG]

    CDS bank spreads tightening...
  9. itsame


    This is just bad information. It really is much simpler than that...Take an accounting course.

    Many companies go bankrupt every year that turn profits (small companies) Cash is king.
  10. You got it itsame.

    swtrader doesn't know wtf he's talking about. Obviously, he's never run a business.

    Cash flow statement is by far the most important of the 3 sections in the financial reports.
    #10     Mar 10, 2009