Citigroup Inc. (C)

All Comments on C

  • commenter
    AChuckatkins
    Oct 07 07:13 AM
    Wells Fargo and the Wachovia Bid: Crafty or Crazy? [view article]
    Ishortyou has some excellent ideas. Merely because of its size, WB need to exist as an independent bank. WB has an excellent banking operations and an excellent reputation for customer service but was caught up in the Golden West credit fiasco. The Federal Governent has assisted many other companies and industries. Why not WB? The Fedral Government and the FDIC could do the banking industry a service by assisting in the stability of WB. I believe that is one or should be one of the goals of FDIC. If something doesn't happens soon to stablize some of the big banks we will eventually end up with 4 or 5 giant banks surrounded by a number of small banks that can't compete with the giants. And these small banks will also eventually fade will away by merger and our banking system will consist of only 4 or 5 giant banks like other countries.(period)

    I understand the new socalled bailout bill allow assistance in providing additional capital for some of the banks. If the bailout funds are used quickly to take some of the toxic loans off the books of some of the banks it would crate some confidence in the banking system and we could avoid some of these consolidations.

    FDIC's action in this matter is tantamount to amputating a person's broken leg instead of providing medical treatment.     Reply
  • commenter
    Ishortyou
    Oct 07 06:03 AM
    Wells Fargo vs. Citigroup: A Legal Analysis [view article]
    Now that the 'bail out' plan came through, Wachovia needs fast to take advantage of it, it needs to sell its toxic loan portafolio from its banking subsidiaries around 122 billion if not more to the government close to even cost prices and take serious advantage of the tax break plan and remediate their banking book of business. They also need to contact their customers that did the run on the bank like chickens without head to bring their deposits back and reassure them that they are ok and there is not reason to panic because of the talking heads of FOX news and rest of media and the incompetence of the FDIC. This strategy will demonstrate to the public that the current 'bail out' plan is working and that Wachovia is the first product of it. Reply
  • commenter
    Ishortyou
    Oct 07 06:02 AM
    Wells Fargo and the Wachovia Bid: Crafty or Crazy? [view article]
    Now that the 'bail out' plan came through, Wachovia needs fast to take advantage of it, it needs to sell its toxic loan portafolio from its banking subsidiaries around 122 billion if not more to the government close to even cost prices and take serious advantage of the tax break plan and remediate their banking book of business. They also need to contact their customers that did the run on the bank like chickens without head to bring their deposits back and reassure them that they are ok and there is not reason to panic because of the talking heads of FOX news and rest of media and the incompetence of the FDIC. This strategy will demonstrate to the public that the current 'bail out' plan is working and that Wachovia is the first product of it. Reply
  • commenter
    abutaieh
    Oct 07 06:02 AM
    Wells Fargo vs. Citigroup: A Legal Analysis [view article]
    It is not “Wells Fargo vs. Citigroup” it is Wells Fargo & Citigroup competing for the tax dollars and Bush just gave it to them Reply
  • commenter
    James Wilson
    Oct 07 05:54 AM
    Wells Fargo and the Wachovia Bid: Crafty or Crazy? [view article]
    Splitting Wachiova would be best for both companys. Reply
  • commenter
    Pfloyd234
    Oct 07 05:33 AM
    Unintended Consequences - Fast Money Recap (10/6/08) [view article]
    Turn off CNBC forever is what I meant to say Reply
  • commenter
    Pfloyd234
    Oct 07 05:32 AM
    Unintended Consequences - Fast Money Recap (10/6/08) [view article]
    Correction............... off CNBC Forever!!!! Reply
  • commenter
    Pfloyd234
    Oct 07 05:31 AM
    Unintended Consequences - Fast Money Recap (10/6/08) [view article]
    Wells Fargo will Win? You are crazy!!!! They are up huge lately in one of the worst financial meltdowns in history and you don't think they will give up those gains........Watch WFC drop like a stone. And urging us to buy NCC? I wouldn't touch that stock if they paid me to hold on to it. They will suffer the same fate as WM did!! I am so sick of these CNBC people. This kind of crap is what makes this market jump up and down like a kangaroo. Note..................... off CNBC forever!! It will do nothing but hurt your investing....Invest for the long term. Eventually this market will become a shopping spree but not for awhile. Until then relax and take the dog for a walk. Ignore Najarian, Cramer, Bartiromo, and anyone else screaming at you to buy Wells Fargo or some other bank on CNBC. You will thank me later. Reply
  • commenter
    SmartStops
    Oct 07 01:53 AM
    My Website
    Should Investors Buy or Sell Wachovia Now? [view article]
    As with all the financial stocks, investing in them without having your protective exit strategy in place from the start is just plain foolish. Make sure you learned from this most recent crisis and are always deploying some form of a continually adjusting exit plan. But don't use something as lame as trailing stops which reflect nothing about how the stock's behaving or overall market conditions. Reply
  • commenter
    NotChuck
    Oct 07 12:30 AM
    Wells Fargo: Strong and Getting Stronger [view article]
    StockBoySF, I think you are largely right about WFC looking forward, but the WFC leadership under Dick Kovacevich was actually from Norwest, not Wells. In addition, back then (I worked at Norwest in 96-97 before the merger) it was Norwest who had the industry lead in relationships per customer(4+ as I recall) and it was this retail sales strategy that was brought from Norwest to WFC, not the other way around. Reply
  • commenter
    cmetrader
    Oct 07 12:04 AM
    Options Trader: Anticipating Monday Carnage [view article]
    Also, since Cramer has called three market bottoms and today he says sell everything along with you advocating puts on dow components, we should be up 5-10% tomorrow.. Reply
  • commenter
    cmetrader
    Oct 06 11:59 PM
    Options Trader: Anticipating Monday Carnage [view article]
    Anyone buying any options with the vix at this level is a complete idiot. Reply
  • commenter
    StarOne
    Oct 06 11:19 PM
    Wachovia Dumps Citigroup, Merges with Wells Fargo [view article]
    Now Citigroup want to sue Wachovia and Wells Fargo for $60b. The three banks should just turn around and sue the FDIC for $77.2b -> ( $2.2+$15+$60 ) Reply
  • commenter
    Ishortyou
    Oct 06 10:20 PM
    Where Is Citi's M&A Expertise? [view article]
    FDIC going wild is making bank failures instead of avoiding bank failures. With the new government plan Wachovia must sell off those toxic loans at a cost or a little lower and take a hudge advantage of the tax benefits, that will demonstrate the american people that the government plan works. Reply
  • commenter
    2houndz
    Oct 06 10:11 PM
    Pay Little Heed to Economic Reports and Move On [view article]
    I'm a reasonably literate guy and I can't figure any purpose for this post. Reply
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