Seeking Alpha

It's not exactly a breakup of the big banks, but Citigroup (C) is set to spin off Citi Capital...

It's not exactly a breakup of the big banks, but Citigroup (C) is set to spin off Citi Capital Advisors - its alternative asset management platform. The new firm will be called Napier Park Global Capital and will have about $6.8B AUM. (PR)
Comments (2)
  • tonyn
    , contributor
    Comments (26) | Send Message
     
    The financial crisis was all by design I think . Capitalism's Achilles Heel is DEBT . Read this story and all the links associated within and it shows you a well conceived plan to destroy the US Dollar with Debt thus destroying the Reserve currency status and the FREE markets with it . Then ask yourself Who hates Free market Supply-side growth more than any other Lobbyist Group in the World and who is the Largest lobbyist group in the world of Policy Politics ? And ask how many of these Leaders of these Groups are also running the 2 Big to Fail Banking sectors that allocate credit to the General Public enabling them to prosper from Investment growth opportunities ?? Regarding the Recent DoJ civil suit against the S&P on Bond ratings that drove Mortgage issuances over the cliff .

     

    When you read this story it seems Preying off so many people’s emotions of satisfying a Emotional desire to own their own home by making decisions of going in debt off of easy access to credit , the question becomes , Was the Debt a Tool for a Specific Outcome ? Not that we do not have more dire issues against our economic vitality , but this story expresses the way home buyers were pawns in the game that collapsed our credit access and economy as a whole and this seems criminal .
    Suppressing the free market system of self regulation for a specific outcome is what I read happened here.

     

    http://bit.ly/14E4q0U
    6 Feb 2013, 10:42 AM Reply Like
  • benitus
    , contributor
    Comments (1898) | Send Message
     
    tonyn....you've raised several interesting questions, which I had never thought of, but you had similarly failed to provide your answers to your questions. Are you expecting anyone in particular to answer them? Your clarification would be greatly appreciated. Thanks.
    6 Feb 2013, 11:56 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|