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The Great Unwind has begun, Citigroup warns

Discussion in 'Political Discussion' started by weswelker#83, Mar 20, 2008.

  1. weswelker#83

    weswelker#83 Rookie

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    Hilarious article.Whoever wrote that is going to be fired?????
  2. weswelker#83

    weswelker#83 Rookie

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    Forgot to add the article link

    Full Story
  3. BelichickFan

    BelichickFan B.O. = Fugazi PatsFans.com Supporter

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    #24 Jersey

    And Wes celebrates . . . WOO HOO . . . more signs of the fall of the Great Satan.
  4. wistahpatsfan

    wistahpatsfan Rookie

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    #75 Jersey

    Did you read the article?
  5. weswelker#83

    weswelker#83 Rookie

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    I just said....whoever wrote the article might be fired.
    Where do you see any celebration?
  6. otis p. driftwood

    otis p. driftwood Rookie

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    Because no one has ever seen you post anything that might, by any stretch of an imagination not warped, be considered good news?

    So you seem to revel in things that may be considered bad for America, America's economy, et cetera et cetera.

    At least as I see it.
  7. BelichickFan

    BelichickFan B.O. = Fugazi PatsFans.com Supporter

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    #24 Jersey

    "Hilarious article" gives off a vibe of smiles, happiness, laughter and, sure, celebration.

    Meanwhile, more and more the feel is that we may have seen the worst of the financial mess. Not that it's a totally smooth road ahead but there's a decent chance we have potholes and not huge canyons in our way now.

    Here's an example :

    http://www.cnbc.com/id/23725629
  8. IcyPatriot

    IcyPatriot ------------- PatsFans.com Supporter

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    #87 Jersey

    The greatest wealth game in the world is how companies borrow from the Fed at the Fed rate ... paper money :mad: ... and make money off the rest of us. If all bills were to come due today it would be worldwide kaos ... gold and silver and platinum even would be all that was left...people would be having teeth pulled out of their mouths :eek:... :blahblah:...:violent:
  9. weswelker#83

    weswelker#83 Rookie

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    Here is my answer to you,funny guy , kinda late just came from work :

    Corporation, n. An ingenious device for obtaining individual profit without individual responsibility. —Ambrose Bierce
    Last edited: Mar 20, 2008
  10. weswelker#83

    weswelker#83 Rookie

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    Atta boy , everything look good ,Belichickfan.

    You remind me OF Cramer , when talking about BEARS: Evrything fine , don't sell Bears stocks,everything is fine.


    BREAKING NEWS !
    CIT Group (CIT) halted; news pending


    Last edited: Mar 20, 2008
  11. MrBigglesWorth

    MrBigglesWorth Rookie

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    excellent points... what if someone ever created a super computer virus to lose all data before someone could figure it out. it's not like microsoft couldn't do it:rolleyes:
  12. BelichickFan

    BelichickFan B.O. = Fugazi PatsFans.com Supporter

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    #24 Jersey

    Citi down 17%, stock market shrugs and gains most of yesterday's losses. Potholes, not canyons. Wes cries.
  13. otis p. driftwood

    otis p. driftwood Rookie

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    May I be so bold as to interject a tiny bit of truth to you? Cramer didn't say everything is fine, don't sell BSC. He was answering a man who was worried about his deposits in BSC, and pointed out--correctly--that the deposits would be fine, there was no reason to yank his money out. Earlier that very day he'd gone on record as having said Bear stock was worthless, going to zero etc.
  14. weswelker#83

    weswelker#83 Rookie

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    CNBC's Jim Cramer screams that "Bear Stearns is fine!" and "NO! NO! NO!" ... "Bear Stearns is not in trouble" ... "Don't move your money from Bear! That's just silly! Don't be silly!" to investors while Bear Stearns was still trading at over $60 a ahare, down from a high of $171 just over a year ago.

    Video:
    http://uk.youtube.com/watch?v=gUkbdjetlY8


    "Don't be silly, you are being silly."


    Back to todays topic:


    city is paying off debt with more debt..lol

  15. otis p. driftwood

    otis p. driftwood Rookie

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    AND WHAT WAS THE QUESTION ASKED HE WAS RESPONDING TO? IF YOU'RE GOING TO REPORT THINGS, IT'S YOUR DUTY TO BE TRUTHFUL.
  16. reflexblue

    reflexblue PatsFans.com Supporter PatsFans.com Supporter

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    #91 Jersey

    My financial analyst was talling about investing forien entitees last week. He thinks there a safer investment. As far as Citi bank goes they made their own bed now they have to sleep in it. They sign up God knows how many card holders than changed te rules. I.E. If anyone is late on a payment to any card issuer they're apr goes up automaticaly to 28% . Now how many people can keep up with a rate like that. Citi got to greedy. And if they invested in thoses tainted toxic wast sub prime loan Bonds. Well not good. You probably have people defaulting on they're cards to pay for the mortgage,and vica versa.
    Last edited: Mar 20, 2008
  17. weswelker#83

    weswelker#83 Rookie

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    "Bear Stearns is not in trouble" ,enough said .
  18. weswelker#83

    weswelker#83 Rookie

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    Citigroup Cuts 2,000 More Jobs in New York and London as well as smaller sites in Asia and Europe.
    Citigroup is going to lose 30,000 people before this is all over.

    " Bloomberg"
  19. otis p. driftwood

    otis p. driftwood Rookie

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    As a mothereffing bank.

    Not as a stock. Earlier in the day he'd been on tv saying the stock was worthless and would go to zero.

    What part of this are you having such a hard time grasping?

    Look at the frucking video you posted. The question was about the bank's liquidity, not the stock.
  20. weswelker#83

    weswelker#83 Rookie

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    Hahaha , you make me laugh .....:D

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