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2009-10-11 — seekingalpha.com
``Citigroup is right to rid itself of the operation, not because of pay but because federally-insured institutions have no business bankrolling hedge funds.''
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catherine at 00:10 2009-10-12 said:SAID PERFECTLY, A GOVERNMENT OWNED INSTITUTION YEP HERE WE ARE, THAT FINANCIAL COMPANY WHEELING AND DEALING AND MAKING PROFIT IS NOW A POST OFFICE WITH POST OFFICE TYPE RULES I SAY AGAIN.......... WHY DO WE NEED MORE THAN ONE INVESTMENT BANK OR BANK WHEN WE OWN THEM????????????? AND PENSION FUND COMPANIES OR PRIVATE INDIVIDUALS THAT HAD THESE INVESTMENTS IN THEIR PORTFOLIOS BECAUSE THEY DID WHEEL AND DEAL AND NOW OWN PART OF THE POST OFFICE AND ITS DEMISE :shock: :shock: :shock: :shock: :shock: :shock: WELCOME TO THE GM PARTY :wink: GOVERNMENT - YOU HOLDERS OF CITI - AND TAXPAYERS TAKE THE HIT AND THE PROFIT HAS JUST BEEN SPUN OFF AND WE OWN THE LOSSES, WHAT IS THE NEXT MONEY MAKING UNIT THAT HAS TO LEAVE THE SWAMP FOR CASH...................AND NEW RULES BY THEIR OWNER, THE GOVERNMENT.......... (pssssssssssssssst what kind of government does this sound like, :P okay, won't say the word :wink: ) THAT'S A LOSE LOSE FOR US BUT THERE DOESN'T SEEM TO BE MUCH REASON FOR CITI TO HANG AROUND IF THEY AREN'T ALLOWED TO MAKE A PROFIT IN THE MARKET PLACE, DOES IT? THEY CAN'T BACK MORTGAGES NOW AND THEY CAN'T TAKE RISK IN THE OTHER AREA SO MANY OTHER PLACES DO WHAT THEY DO NOW :roll: THAT SOUNDS VERY DEAD TO ME............HOW ABOUT YOU? Permalinkadd a comment | go to forum thread Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately. |