Mr.G

Citi's Underwhelming Bailout

As a customer of citibank and not a shareholder I can say they are honestly the best big bank out there(customer service wise) and this is really a shame that they are overextended where they look obese .
Felix good article -this is a quick fix because the bailout package isnt big enough to cover citibank I would expect to see Paulson back in front of congress shortly for more cash as this rolls along - also that money which is off the books now may be forced on to the books in a couple of months if you look at the what the G20 decided to do last weekend -I think those shadow assets being forced onto the books in the near future is what caused Citis giant fall to below 4.00 a share - This crisis is like an alcoholic anonymous meeting ..One bank at a time . If there are any other banks out there with large shadow assets off the books expect them to get the same treatment

It Did Happen! - Cramer's Mad Money (9/29/08)

hey truth seeker here is the truth - you will not get your FNM investment back and paulsons comments were only said to give confidence back to the markets not as investment advice (little secret :the banks are insolvent that is why they dont lend to each other) - even after this poorly planned and non-solution of a bailout passes there is more to come - The truth hurts and the bottom of this fiasco is way down -best case scenario when this is done is $1 will buy you a 5 cent piece of gum

What is Hank Paulson Thinking?

wachovia was on the shorts list (back when short selling was allowed) right after wamu(those were the rumors of illiquidity) - I believe after them was none other than ..... Citigroup -this was not a good merger - wells fargo was not on that sh*t list -maybe when this is all over it will be wach-citi -well . wells fargo will be happy they will get 2 for the price of one -

as for Paulson(bernanke as well) and BS for a year and a half he calls the coming meltdown a "housing problem" -On the day the financial world is about to collapse he and bernie come out with 1 option for congress and it wont even work according to most economists -total irresponsibility on their part and to only give one option when there are many to be found on every financial site - thats BS

Is the U.S. Banking System Safe?

loved the article -very thought provoking -seems there are 2 camps here. camp1 who believes this article and camp2 the ones who continue to believe there is no inflation -everything is fine -indymac had it coming -faith in what the govt, the fed ,news and ceo's are telling them -I think both camps are so far from each others viewpoints that one has to be right -I would love to believe in fairy tales like many here but I have to say I agree with your article -the one thing which has others grasping to the fairy tale still is the credit crisis which is in reality just beginning hasnt really started to infect the general economy (overall) deflation of commodity prices (especially oil)have begun on the assumption the dollar is stronger somehow when in fact the price of oil dropped because of the enormous economic downturn about to occur within the next 12 weeks -right now everyones money is going to the dollar mine is going to gold because this is pretty much the last opportunity to get it on the cheap before huge price increases returns to commodities with the exception being with oil with the final dead cat bounce we are seeing .