bobomite

Cramer's Stop Trading! Citigroup Is Red Hot (8/11/09)

I think the previous and current administration have both shown that they will do anything and everything to keep the big banks afloat. Hmmm, reminds me of the "implied gov't backing" of a couple other GSEs.

So, my prediction is that their stocks will run up, the banks will take more risky moves, and when the price starts falling you know that the insiders got the word that there would be a partial takeover.

Then after the price collapses, they will buy the stock at $.15 a share and enjoy the miracle bounce when the bad assets are stripped and the company released from bankruptcy in an amazingly short time.

Well, at least we all learned something from the big credit bust. I think we learned "rinse, repeat."