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View Full Version : Citibank not too big to fail?

OvenMaster
07-15-2009, 10:44 PM
Additional bailout unlikely; bankruptcy speculation; TARP "investment" wiped out?:
http://www.bloomberg.com/apps/news?pid=20601087&sid=a_YL57lGp8ds
cabinover
07-16-2009, 06:46 AM
Let the chips fall brother.
noonereal
07-16-2009, 07:02 AM
TARP "investment" wiped out?

No, tarp monies would be paid back through bankruptcy restructuring or sale of assets.
noonereal
07-16-2009, 07:06 AM
Let the chips fall brother.

I disagree. This would potentially hurt so many small business that IMHO it is irresponsible. Whatever the future holds for CitiGroup clearly the overall health of our sociaty needs to come first.
merrylander
07-16-2009, 07:19 AM
As I have stated elsewhere, our mortgage system was designed by thieves for thieves, looks like some chickens are coming home to roost. Peek took CIT into sub-primes and credit default swaps.