Shock and Awe: Government Raises Citi Warrants' Strike Price to $20 [View article]
"Disclosures: Author is long AIG, BAC, C, FNM and FRE."
Um. Gosh. No RBS?
At this point whether the common of any of these issues ever has any value is really a question of whether or not the government wants the common to have any value-- these common issues are "Tsarist Bonds" -- they look to the political winds, not financial strength, for whatever value they will have.
I don't know what an investor can do in these stocks . . . its a political speculation, and at some price its an attractive gamble, but its not for an investor.
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"Disclosures: Author is long AIG, BAC, C, FNM and FRE."
Jan 26 22:03 pm
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All Comments by Crocodilian »Shock and Awe: Government Raises Citi Warrants' Strike Price to $20 [View article]
Um. Gosh. No RBS?
At this point whether the common of any of these issues ever has any value is really a question of whether or not the government wants the common to have any value-- these common issues are "Tsarist Bonds" -- they look to the political winds, not financial strength, for whatever value they will have.
I don't know what an investor can do in these stocks . . . its a political speculation, and at some price its an attractive gamble, but its not for an investor.