This news story has 6 comments:

Register or Login to rate comments »
•  
  

  • jptao: 
  • Comments (13)
  •  • StockTalk (1)
  Shocker!

  Nov 02 03:55 PM | Link | Reply
•  
  

  • herbert hoover: 
  • Comments (1457)
  Geez, it must have been really obvious if a college professor could see it. I wonder when Obama will realize it?

  Nov 02 06:04 PM | Link | Reply
•  
  

  • Tony Petroski: 
  • Comments (1911)
  •  • StockTalk (68)
  Thank you Professor Wilson.
  
  Let's not make too much of this. He gets credit for getting things right.
  
  I remember Lehman teetering and Bear Stearns. Was Citgroup essential to the nation? I just want to know what to tell my children when they get the bill.

  Nov 02 06:34 PM | Link | Reply
•  
  

  • surfgeezer: 
  • Comments (111)
  Citi was critical at that time it was the largest lender for small buisness. I love the monday morning quarterbacks who have no chance of ever proving their point (FOX). At that time their was NO liquidity in the credit market and almost all their funding came from short term loans. The time has given them a chance to pre package the bankruptcy, started switching to more traditional funding, and lined up investors and given small businesses opportunity to find other lender.
  The facts are, we are not imploding at the rate we were and some of the money was wasted. This was not a waste.

  Nov 02 10:58 PM | Link | Reply
•  
  

  • Tony Petroski: 
  • Comments (1911)
  •  • StockTalk (68)
  surfgeezer has weighed in. I'm confused over Citigroup vs. Citgroup. I used to bank at a place called "Norwest," whatever that is. There was a day when the banks tried to give the air of stablity with pillars and marble and all that.

  Nov 03 08:27 AM | Link | Reply
•  
  

  • hellcat: 
  • Comment (1)
  yes those were pillars of salt that camouflaged as granite. Now speaking of this a wash is what were getting out of Washington.. The more we put a band aid on this economy the worse it will be for the next fifty years or so to dig out of this mess.. We are not only being taken advantaged by the powers at be congress and the senate but by the worlds stage of the power union we keep spending money and energy propping up foreign governments that see us as weak and foolish lets stop the madness and cut off funding to those who take advantage of our good will, this includes business gov. and prosecute those that take advantage of goverment funding paid for by the rest of the people in this country..

  Nov 03 04:20 PM | Link | Reply