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Started By
Message
F CITIGROUP!!! Let them fail.
Posted on 11/24/08 at 12:42 am
Posted on 11/24/08 at 12:42 am
why should they get an unfair advantage over Chase, Wells, BOA,and others are didn't f up like they did?
3
Posted on 11/24/08 at 12:59 am to prplhze2000
Yep, that's one bank I'd love to see burn in hell.... actually, I take that back, It was their ridiculous terms that made me swear off credit card debt.
Posted on 11/24/08 at 8:05 am to Glacierbengal
...I am afraid letting them fail would've been a mistake. Right? No. Reality? Yes.
Posted on 11/24/08 at 8:07 am to Glacierbengal
I can almost understand stabalizing some of these companies for the greater good of the economy, but when is anyone going to suffer any pain for their bad decisions?
I have not heard of any CEOs, directors, etc being fired, much less having their salaries and golden parachutes taken away. These folks that made all of this money from these shady business practices will still be sitting in the Carribean drinking rum punches five years from now.
I have not heard of any CEOs, directors, etc being fired, much less having their salaries and golden parachutes taken away. These folks that made all of this money from these shady business practices will still be sitting in the Carribean drinking rum punches five years from now.
Posted on 11/24/08 at 8:41 am to footballislife
quote:
I have not heard of any CEOs, directors, etc being fired, much less having their salaries and golden parachutes taken away. These folks that made all of this money from these shady business practices will still be sitting in the Carribean drinking rum punches five years from now.
It is a travesty, but I wouldn't want to see my family suffer on principle.
Posted on 11/24/08 at 9:39 am to prplhze2000
did they need bailed out? seriously. they are fricking huge so what if they were going to trim the fat and fire some people.
Posted on 11/24/08 at 9:45 am to poboydressedplease
quote:
did they need bailed out?
Not sure. I guess the whole cutting cost and re-organizing thing would have worked several months ago, but at this stage they were possibly one or two panic trading days from being toast if what I have read is factual.
Posted on 11/24/08 at 9:48 am to poboydressedplease
quote:
did they need bailed out? seriously. they are fricking huge so what if they were going to trim the fat and fire some people.
...are YOU serious? Let's hope you aren't in finance for a living.
Posted on 11/24/08 at 9:49 am to CharlesLSU
Damn, them sumbitches are up 63% today. Someone is making some $$$$ on this stock.
Posted on 11/24/08 at 9:54 am to CharlesLSU
quote:
It is a travesty, but I wouldn't want to see my family suffer on principle.
We need more Less Miles in the world.
If you're not willing to suck it up and suffer in order to set some shite straight, you only compound the problem and make it worse down the line, ie, for your kids.
Way to set an example there.
Posted on 11/24/08 at 10:16 am to poboydressedplease
quote:
going to trim the fat and fire some people.
They let 50,000 employees go last week and thousands even before that. This issue is so much bigger than cutting cost.
Posted on 11/24/08 at 10:24 am to CharlesLSU
Prince Alaweed bin Talel is a major stockholder in Citigroup. I suspect that the Saudis have applied major pressure to make this happen.
Who is next on the bail-out list? Retail stores?
Credit card companies? The credit card companies need regulated and ceased in charging mob-like interest rates.
Who is next on the bail-out list? Retail stores?
Credit card companies? The credit card companies need regulated and ceased in charging mob-like interest rates.
This post was edited on 11/24/08 at 10:26 am
Posted on 11/25/08 at 12:43 pm to prplhze2000
Yep, Damn Primerica 
Posted on 11/25/08 at 3:45 pm to Weaver
The credit makets would have been locked up and lending or borrowing would have been frozen for some time if citi had failed.
I think they should have let them fail, as they should do with the automakers, but the reason for not doing so is that.
I think they should have let them fail, as they should do with the automakers, but the reason for not doing so is that.
Posted on 11/25/08 at 4:26 pm to CharlesLSU
It is more than ironic that the fear of collapse of debt guarantee derivatves is the justification for protecting the institutions that created the mess. It is a travesty that the people responsible for creating the mess will not be held accountable for their incompetence in the first place, and it is an insult to allow them to benefit from any sort of government rescue.
Posted on 11/25/08 at 4:29 pm to footballislife
My best friend works at their corp office and I asked him about the layoffs. He said the news is making it sound much more worse than it is. That the 50K jobs is counting jobs lost when they sell off businesses. The people still have jobs but just not on Citi's books.
Posted on 11/26/08 at 12:07 am to Catman88
quote:
That the 50K jobs is counting jobs lost when they sell off businesses. The people still have jobs but just not on Citi's books.
sounds like your buddy is being fed a line.
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