globaleconomicanalysis.blogspot.com - 2/23/2009
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Citigroup is in deep trouble. Its share price is $1.95 and the market is recognizing what I said a year ago: "Citigroup Is Insolvent". Of course it is not just Citigroup that is insolvent, the entire global banking system is insolvent. Nonetheless, Citigroup pretends otherwise. Inquiring minds ...
online.wsj.com - 2/23/2009
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online.wsj.com —
DAVID ENRICH and MONICA LANGLEY Citigroup Inc. is
in talks with federal officials that could result in...
the U.S. government substantially expanding its ownership of the struggling bank, according to people familiar with the situation. While the ...
(more)
U.S. Eyes Large Stake in Citi
baselinescenario.com - 2/24/2009
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baselinescenario.com —
For a complete list of Beginners articles, see
Financial Crisis for Beginners . You may have seen...
in the news that the government is thinking about exchanging its “preferred stock” in Citigroup for “common stock.” Here’s one of many articles . Which, if you are ...
(more)
Tangible Common Equity for Beginners
nytimes.com - 2/23/2009
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nytimes.com —
WASHINGTON The Obama administration will begin taking
a hard look at the financial condition of the...
country’s 20 biggest banks this week to judge whether they could hold up even if the downturn worsens further than policy makers already expect. ...
(more)
As Doubts Grow, U.S. Will Judge Banks’ Stability
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Citigroup Begs To Be 40% Nationalized
IEHI Feed: The Hedge Fund Implode-o-Meter —
Citigroup Begs To Be 40% Nationalized (blogspot.com) Search Enter your search terms Web HF Submit search form 2009-02-23 " Citigroup is in deep trouble. Its share price is $1.95 and the market is recognizing what I said a year ago: "Citigroup Is Insolvent". Of course it is not just Citigroup that is insolvent, the entire global banking system is insolvent." ...
Bust It Up
Bear Mountain Bull —
Mike Shedlock on Citi : Citigroup is a black hole, sucking in every dollar thrown at it and it still wants more. No amount seems enough to save it. Taxpayers have already guaranteed a whopping $300 billion dollars worth of Citigroup debt. Now, two months later, Citigroup is begging for still more capital, pretending that will save it. Tim Geithner’s Brain Is A Back Hole Not only is Citigroup a black hole from which no taxpayer dollars can escape, but Geithner’s brain is a black hole from which no intelligent thought can escape. How the hell can you preserve a system this way? ...
Related Content
Citigroup
krugman.blogs.nytimes.com 11/24/2008 — Mark Thoma has the rundown of informed reactions. A bailout was necessary - but this bailout is an outrage: a lousy deal for the taxpayers, no accountability for management, and just to make things perfect, quite possibly inadequate, so that Citi will ...
WSJ Reports Citi and Government Approach New Agreement
economicdiscourse.com 2/27/2009 — The foreign markets and futures have already began to sell off on the news, they must not like this "new plan" and neither do we. Although these are preliminary reports, it looks as if the government's conversion from preferred stock to common could be limited by private investor interest (which ...
Citigroup - Somebody Please Say "Game Over"
informationarbitrage.com 1/14/2009 — From the Wall Street Journal Online : Until recently, Citigroup Chief Executive Vikram Pandit had
repeatedly backed the company's "universal bank" model. But with
directors and executives now bracing for a fourth-quarter operating
loss of at least ...
New York Lawmakers Urge Geithner not to Cancel Citigroup-Mets Field Deal
economicdiscourse.com 2/12/2009 — When I first heard about this Citigroup - Mets naming rights deal, I knew right away that it would be a complete fiasco. It's really just bad timing, as the media has become very focused on the excess of Wall Street. Also their is currently a growing coalition of lawmakers in Washington that are ...
Credit Risk Rises on Citigroup Breakup Speculation
globaleconomicanalysis.blogspot.com 11/21/2008 — I have been saying for over a year that Citigroup would not survive in one piece. That option is looking increasingly likely as the Citigroup Board Weigh Options . Citigroup Inc.'s board meets today to discuss the bank's options after Chief Executive ...
Citi on Its Way to Breakup?
nakedcapitalism.com 1/12/2009 — The Wall Street Journal tonight says, " Citigroup Takes First Step Toward Breakup ." But what does that mean, exactly? Or had the Journal gone a bit far with the notion that the bank is doing some way, way overdue housecleaning? The eye-popping bit ...
Tangible Common Equity…
optionarmageddon.ml-implode.com 2/23/2009 —
Treasury may convert its stake in Citi from preferred to common equity. ( WSJ )
Citigroup Inc. is in talks with federal officials that could result in the U.S. government substantially expanding its ownership of the struggling bank, according ...
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finance.yahoo.com 4/2/2009 — provided by wsjlogo.gif Beaten-Down Shares Hard to Resist; 'My Opportunity to Make Some Money' The old Wall Street adage about the dangers of catching a falling knife doesn't seem to be scaring individual investors away from Citigroup Inc. Some ...
WSJ Reports Citi and Government Approach New Agreement
economicdiscourse.com 3/2/2009 — The foreign markets and futures have already began to sell off on the news, they must not like this "new plan" and neither do we. Although these are preliminary reports, it looks as if the government's conversion from preferred stock to common could be limited by private investor interest (which ...
Citigroup Bailout Raises Viability Questions For Entire Banking System
globaleconomicanalysis.blogspot.com 11/25/2008 — Still more details are emerging from the weekend bailout of Citigroup . And in what is no surprise in this corner, it appears Citigroup is not well capitalized and Faces Pressure to Slim Down . The government rescue of Citigroup Inc. reversed the ...
No Sleep for Citi —
The Big Money 2/23/2009
The prospect of Uncle Sam nationalizing the country's most vulnerable banks is once again the big concern today as The Wall Street Journal reveals Citigroup is seeking more federal backing to cushion against the blow of further mortgage-related ...
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