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November 14, 2008
Citibank RIP...
The implosion of the Mutant Asset Bubble is well underway!
Citibank Buh Bye..
Comments
Can anyone think of what purpose my post serves, because I can't?
The What
Someday this war is gonna end...
Posted by: Return_of_The_What at November 14, 2008 11:41 AM
What's your point fake Return_of_The_What? You seem to hang around here quite a bit...maybe you need to find something more useful to do. Speaking of which I have to go back to my job hunting.
Hi What! What are you reading about Citi...I was looking for any/something talking about this.
Posted by: cobblehiller at November 14, 2008 1:21 PM
I'll ask again. What is the point of me posting this? What is the point of me cutting and pasting news stories every day when we are all fully aware of what is going on in the markets? Don't brush this off. Really think about it. What is in it for me or you? What is the purpose? Why am I doing it on a real estate blog?
The What
Someday this war is gonna end...
Posted by: Return_of_The_What at November 14, 2008 1:31 PM
"Hi What! What are you reading about Citi...I was looking for any/something talking about this."
Hi Cobberhiller how are you doing?
Well ole Citibank is swirling the bowl! They are hiding about a trillion dollars in loses. I don't think there is any cash to help them and Jan 09 can't get here fast enough!
This Christmas shopping season is gonna suck-ass and with Circuit City living on borrowed time, next year is gonna to be bad...
The What
Someday this war is gonna end...
Posted by: what at November 14, 2008 1:42 PM
"Speaking of which I have to go back to my job hunting."
Oh BTW Cobberhiller Temping is the way to go! No BS most companies are looking to reduce cost and if can work without benefits then you will be OK. Give a try..
The What
someday this war is gonn end...
Posted by: what at November 14, 2008 1:44 PM
Boy oh boy is it ever What, hmm, I have some stuff with Citi - maybe a call is in order. See, this is one of the things I've been pondering - the hiding of losses/fancy acct'g. Who is to say when/where it will end?
Paulson is wearing me out with his insanity. I can barely speak about it, I'm so mad. I don't trust these GS guys. How many backroom deals are being made?
Thanks What, I'm doing pretty well, got a nice [praising] call about my resume - but I had already applied for the job...still good to hear! I'm on the freelance/temp bandwagon - totally agree. I'm on Better Half's health insurance - thank heavens - so I don't have to have the bennies. Guessing I won't hear much until the new budgets are set and open Q1. aaiieee!
Posted by: cobblehiller at November 14, 2008 2:18 PM
Quite frankly, as a US taxpayer, I'd prefer the Treasury make equity injections into financial institutions than give them low interest loans. Equity injections shore up banks' Tier One capital, and give us, the taxpayers, a very real prospect that we'll make money on the deal. If we give them low interest loans, all we get is the low interest and the return of principal -i.e. we take all the risk, the shareholders get all the rewards. If we as taxpayers are taking on the risk, we should get the rewards too, might help pay our social security. Applies double to the auto industry.
Posted by: bohuma at November 15, 2008 8:28 PM
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