Secret fed bailout to Citi?

Discussion in 'Economics' started by peilthetraveler, May 7, 2010.

  1. We all heard the rumors of the fat finger at Citi today and more rumors about citi having problems with settlement tommorrow. Geithner is briefing the president on what is going on with the markets (why? i dont know but it seems wierd to involve the president in what was supposedly nothing more than a market spike) But if all the rumors are true, then two things will happen tommorrow. Citi will not have the money to settle its accounts and there will be a run on the bank(which in turn will lead to runs on other banks which in turn will collapse us), or citi is being given billions by the fed secretly and they will settle their accounts and nobody will be the wiser and today will just be "some computer glitch that happened"

    I was just about to go to sleep when I thought about this. Will be interesting to see how it all plays out tommorrow anyway.

    All my greatest conspiracy theories always hit me right before I sleep. :D
  2. Emilia


    FED will just print more money and pay all the bills

    Debt will go even higher because dollars printed come with interest attached.

    Double ouch
  3. CET


    You should sleep on them first, as it is useless clutter.