So anyone following Jim Rogers' advice and buying C?

But in what manner will C be saved? Buyout at a premium from here? Or nationalization with shareholders being wiped out?

 

Exactly. Error had been made for not acting on his advice at the time he said. Instead of waiting to buy at $5, the believer should go shorting. Any way it's too late, forget that nice opportunity.

 

same way as AIG

 

That has worked well for common stock shareholders

 

yup, but it's the right way, 'cause the company's basically bankrupt... and in bankrupty they would have got 0.

it would be plain wrong if the government buys C at 10$...
maybe JPM or GS will buy them for like 5-10 $ with some FED aid.

 

C holds a much larger stake than lehman

 

I don't know if they're following rogers advice, but it's not quite noon and 482 million shares have been bought today.

 

$10? I can't remember there ever being a buyout with a > 100% premium.

 

Is this a joke...Citi has 3 Trillion in Assets, yes Trillion.....

 

Didn't Jimmy say the Fed could go under too?