pragmist

Citigroup Inc. Q3 2009 Earnings Call Transcript

It is nice to see the shorts squirm..i.e., fry in their own fat. Ha Ha Ha

Too Big to Fail: Greenspan Adds His Voice to the Break-Up Chorus

I have no faith in anything Greenspan says.The policies followed under his tenure is what created this mess in the first place. I do not want to psycho analyze anyone, but this person will say anything that sounds good at the moment.
I would rather listen to honest Warren Buffet, who endorsed backing these banks, than Alan Greenspan, whom I always considered a lucky mentally handicapped individual.

Too Big to Fail: Greenspan Adds His Voice to the Break-Up Chorus

I have no faith in anything Greenspan says.The policies followed under his tenure is what created this mess in the first place. I do not want to psycho analyze anyone, but this person will say anything that sounds good at the moment.
I would rather listen to honest Warren Buffet, who endorsed backing these banks, than Alan Greenspan, whom I always considered a lucky mentally handicapped individual.

Capital Constrained: Some Banks Not Paying TARP Dividends

You may also want to add how much money Government will make by selling the Common in Citi Bank, (that they received by converting preferred stock).
If you do the computation if the Government starts selling the Common prudently, i.e., not dumping,.the Taxpayer will be a big winner

Is Geithner's Latest Power Play Good for Bank Shareholders?

The author should check his facts before babbling on the net. Vikram Pundit has been a CEO for a short time and he inherited the mess.
He is clearing the mess, not creating one. True, he lacks the leadership charisma, but times like these need a true technical person to put the house in order.
Pundit needs a good PR person

Why Friday Was Such a Critical Day for Bank Stocks

Keep Dreaming and keep shorting.
You folks are so blind :)


On Feb 22 09:30 AM bosun.j wrote:

> Citigroup (seekingalpha.com/symbo...) declined 61% from a
> peak of $4.10 to an intraday low of $1.61 over just 10 trading days.
> Bluntly put: Citigroup is dead.
>
> Bank of America (seekingalpha.com/symbo...) declined 64%
> from a peak of $7.05 to an intraday low of $2.53 over just 10 trading
> days. Bluntly put: Bank of America is dead.
>
> Dead actually means dead. It is unlikely they can survive the weekend...
> and if they do, they most definitely cannot survive the week.
>
> benbittrolff.blogspot....
>
>
> GET OUT WHILE YOU STILL CAN!!
>

U.S. Rejects Nationalization of Citi and BAC

I agree whole heartedly. Most of this naked shorting is being done by some Huge Hedge funds..overseas based.
This is Economic Talibanism against all major Western Banks.
These Governments need to wake up.
I agree with most of what you say.


On Feb 21 04:34 PM apppro wrote:

> What your headline should have read is:
> "US Rejects Short Sellers of Citi & BoA"
>
> This is what we need. Just stop the Shorting of America and things
> will work themselves out in a normal - rational - timely basis. Nothing
> will recover, nor will as they put it allow investors BACK into this
> market, as long as the rules are so bent by short sellers and no
> one is seeing the reality of it. All they can do is blame the CEO's
> and all those good people who are just trying to get things back
> to normal, so to speak.
>
> The 4 Golden Rules
>
> 1. Reinstate the Up-tick rule
>
> 2. Crack down on naked short selling
>
> 3. Institute some rules on what should be said on National TV to
> prevent rumor-mongering
>
> 4. Pass a Wind-Fall Capital Gains Tax of 65% on ALL short sales retroactive
> to 01/01/08.

Bank of America Nationalization Would Shock, Not Help, Economy

Dr. Baker, you have hit the nail right on the Head.
Congratulations!!
I am sure many bogus shorts will take issues with you.
They will use all kind of comparisons.
I probably think there is huge external money (outside USA)
trying to undermine USA.
This is economic terrorism being launched against western banks.
It is Economic Talibanism.

A Look at Citi's Trust Preferreds

Niether Citi or BAC are going to die...despite huge shorting by some large Hedge Funds rich with our OIL funds.
America's mettle is being tested.
Beware, layman, trust your guts and your Government.
Don't let the idiots rob you off.
Good Luck!!!

Investors Staying Away from Banks; Gold Attempts to Break Downtrend

Citibank is not broke. Certainly that concept will help shorts to continue their pillage. The market value is mostly a result of shameless shorting of the stock. Certainly, the Company grew beyond its means, like all others in past. Why, did it do what it did will take books. Banks of any Country are the pillars of that Nation. Eradicate them and you make that Nation weak to be manipulated by its adversaries.
They are as important or even more important than the Armed Forces.
I hope the simple naivety will stop and we start rebuilding our base, rather than destroy it by simple manipulations.
People or Hedge Fund who undertake this exercise, need be investigated.

On Feb 08 06:06 AM sam gold wrote:

> Citibank is broke, and the investors and deposit holders are in a
> race to pull their money out. The losses at Citibank are ASTRONOMICAL
> and they are in an implosion mode. Citibank has a market value of
> just $19 BILLION, AFTER THE FED GAVE THEM A REPORTED $45 BILLION.
> THE FED HAS GIVEN THEM BILLIONS AND BILLIONS MORE UNDER THE TABLE.
> Citibank has blown $236 billion of stock value. Close them down,
> the future is more loses and FRAUD.

Banking Sector: Band-Aids Just Won't Do It

You are all a bunch of shorts..licking your wounds. Thank god the future of this country and its systems is not in the hands of such short sighted clowns.

Citigroup's Management: Many Questions, Few Answers

I personally feel that we are in the mess because of the subprime debacle. Whether we agree or not, the manufacturing base in this country is eroded. We are buying all kinds of goods from overseas.
Our wealth has been distributed to the Sheiks (higher oil prices). To keep the Nation confused, with suggestions that economy is doing great, a lot got spent on Military and Housing with real manufacturing that provided decent income in past disappeared from the Country's horizon. . In a con, to please his bread masters, Alan Greenspan kept on lowering interest rates, that fueled the credit card debacle and the subprime crisis. It is only in the last eight years, we heard about all these funny sounding financial instruments.
Citibank being the largest bank at the time, got tangled into it just like many other Banks. Pandit is doing a fine job. I think many of the people who got us into this mess are out.
Hope God gives Bernanke the wisdom, to lead the country out of this mess.

Ambac Blows It ... Again

Thank you, for your misinformed comments

Freud, the Fed, and a Box of Chocolates

You are so right...this is what is happening...and this has far deeper long term impact on the Nation as a whole.
Every time in past when things got tough, Americans bit the bullet and we emerged as a stronger nation. We were net exporters...this easy monetary policy has taken all challenge out. We have become a Nation of consumers...and the rest of the world is getting ahead. We have started accepting all kinds of mediocrity and non-performance like we are on dope. There is no fiscal responsibility. Take a look at CEO packages. They get even more for non-performance.It all started with President Alzheimer and no one has the gall to assume leadership and make tough choices. I travel widely..and am appalled at how the rest of the world is getting ahead and the State of our Union.