Citigroup Inc. (C)

All Comments on C

  • commenter
    Rich
    Shinnick
    Jan 14 06:32 PM
    Estimating the Risk in Citigroup Stock and Bonds [view article]
    Can anyone help me with that? I am just a retiree who knows almost nothing about financial evaluations.

    Retirees should not invest in Citi. But as far as financial evaluations go, it might make for a great hobby, but as everyone seems to now understand, you can't model this because things have changed so drastically. A lot of people saw the sub-prime probelm coming but they never thought that Citigroup or even Countrywide would be a bagholder, it was just assumed all the junk paper was being peddled overseas.

    In the case of Countrywide especially, they simply forgot RULE #1 as noted by scholar and financial genius Biggie Smalls: "Don't get high on your own supply."     Reply
  • commenter
    Greg Harris
    Jan 14 05:19 PM
    Estimating the Risk in Citigroup Stock and Bonds [view article]
    Why don't you try, errr... you know... looking at what's on the books a little bit!? Are SEC filings really so hard to read that instead you're just going to make stuff up? Reply
  • commenter
    dckleins
    Jan 14 04:58 PM
    Estimating the Risk in Citigroup Stock and Bonds [view article]
    I wish it were as simple as figuring out how many sub-prime loans Citi wrote....but it's not going to reach a viable figure of upcoming writeoffs. Since the 90's, the banking industry has undergone an entire paradigm shift. Banks no longer issue loans and keep the majority on the books. In the last few years particularly, the emphasis has shifted almost entirely to securitize the loans/assets, get them out the door, and maintain lucrative servicing rights. The rational is that by securitizing assets, it lowers your cost of capital because you aren't limited by Basel requirements.

    The real issue that Citi (and other banks) have, is that they got caught holding a bag of post-securitized loans in the form of ABS, MBS, and CDOs that no one knows how to value (except for Goldman Sachs, somehow).

    Because there's no relationship between the actual sub-prime mortages Citi wrote, and the originators of the underlying mortgages in the ABS's of Citi's proprietary books, you won't be able to back into an estimate of future write offs. You'd need information about the securities in their prop book and more importantly, a database of the underlying mortgages that comprise their ABSs.     Reply
  • commenter
    Long-Short
    Guy
    Jan 14 04:33 PM
    Davis's Monday Outlook [view article]
    This is excellent! Reply
  • commenter
    User 22491
    Jan 14 04:23 PM
    Davis's Monday Outlook [view article]
    Dear Davis:
    Thanks for your outlook, your comments are very informative and very easy to read....
    Love from Spain.     Reply
  • commenter
    blah-blah
    Jan 14 02:19 PM
    Financials: This Is What the Start of a Bottom Looks Like [view article]
    The world is over, everyone will lose their house, hoard gold under your bed, short everything to zero, blah, blah

    I'm sure Warren Buffett thought that way when he made his big bets as well.

    Oh I know it's different this time...     Reply
  • commenter
    venk
    Jan 14 01:16 PM
    My Website
    Estimating the Risk in Citigroup Stock and Bonds [view article]
    I don't know about the extent of losses, but looks like Citi got another hit with the Chinese government blocking the $2 billion deal from China Development Bank to Citi. Reply
  • commenter
    ussmls7
    Jan 14 12:11 PM
    Singapore Is Asia's Switzerland; Opportunites for Citi, UBS, Others - Barron's [view article]
    Now the crooked firms from wall street are hooking into more big fish, as the American tax payers are forced to pay for the crooked deals that Goldman & the top firms pushed arround the world. These high payed jerks should be sent down south for some real learning on what happens for bad behavier. Knowling selling a defective product to the public for greed is bad, and if they try that crap over there, they dont put you in front of a bought off congressial hearing, they shoot you and take all your money. Reply
  • commenter
    cheesecake
    Jan 14 11:52 AM
    My Website
    Financials Not Responsible for Friday's Selloff [view article]
    i thought friday's selloff WAS due to MER's massive writedown. at least that's why i sold.
    i shorted BSC as soon as it went up. made a nice little bit of change :)     Reply
  • commenter
    Did U Think
    The Ponzi
    Scheme
    Would Last?
    Jan 14 04:53 AM
    Financials: This Is What the Start of a Bottom Looks Like [view article]
    You are catching a falling knife. The leveraged credit bubble is a problem beyond anything we have ever seen. The greedy abuses can not be waved away with a panic purchase of CFC (which was only done to avoid writing down the original 2bn loan) and some foreign gov'ts that are holding WAY too much of that depreciating asset known as the USD.

    This isn't a buying opportunity at the end of a big bear market. At Dow 12600, we are still in the nosebleed levels for the index. There has been no big capitulation and investors are merely annoyed that the Dow is off its 14k highs. The talking heads are just STARTING to mention "recession". This isn't over until things get really bad and really ugly and everyone is clutching their gut in pain. The ECB dumped 1/2 trillion in liquidity into their system and it didn't make a dent in the freefall. This time I think we need to brace for impact.     Reply
  • commenter
    ericinNE
    Jan 13 11:17 PM
    Under The Radar News - Friday [view article]
    Level playing fields are great and all, but given the somewhat suspect (moral/ethical) value sytems of many of the sovereign-wealth sources, I'd prefer the level playing field that favors the U.S. just a little more than of late. I don't really see the U.S. striving to instigate the tenets of tyranny, through economic manipulation, or any other means. But I do see that as a possible consequence of many near/mid/far east capital injection sources. Reply
  • commenter
    blah-blah
    Jan 13 10:21 PM
    Don't Lament In a Couple of Years How You Should've Bought Financials... [view article]
    Very true, only Americans think their own country can't survive crisis and yet it's better at it than anywhere else. Despite all the stupid decisions it's been the biggest grower of wealth in over 100 years.

    Every other country knows that - not being American, it's so easy for me.

    I've always felt that you can't be truly value investing until everyone around thinks you must be crazy.

    Then you collect your profit and do it all over again...
    Reply
  • commenter
    tyrantofwall
    street
    Jan 13 09:38 PM
    A Volatile January for Financials, Healthcare [view article]
    Well so far you are correct but there are other sections of the market taking hits like technology, all that it would appear that they will be getting positive gains in the upcoming month. Although I would like to note your comment about Goldman Sachs, with the big boost in the investment banking market, GS is almost back to 200. Will it last, only time will tell with a crazy market like this. Reply
  • commenter
    Georealist
    Jan 13 09:03 PM
    A Volatile January for Financials, Healthcare [view article]
    This IS self congratulatory garbage...you told us what??? This is a compendium of vague generalizations ("load up on PFE???") and after the fact nosense... Reply
  • commenter
    Steveal50
    Jan 13 05:39 PM
    Strategy: Dogs vs. Flying Five vs. Net Payout Yield [view article]
    Is there a ready source of payout yield for stocks? (or the components of it).

    Reply

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