Citigroup - Here we go again!

**Fidel** · 24th Nov 2008 05:09 PM

Citigroup Inc. received a U.S. government rescue package that shields the bank from losses on toxic assets and injects $20 billion of capital, bolstering the stock after its 60 percent plunge last week.

How bout them cowboys!

**DanicaRules** · 24th Nov 2008 08:47 PM

If this is the same as Citibank, I say let them rot! I dont like Citibank. They do not want to work with you in regards to credit.

**EIR Loe.307** · 24th Nov 2008 11:03 PM

I think this is part of the planned bailout from before. I don't think it's a new one. If Citibank fails then there are HUGE credit issues to follow. What happens is China buys all the debt and now your $$ goes there. Here's my solution, hold the world hostage. We have nukes, you pay us not to nuke you. Hehehehe.

**bmnehls** · 26th Nov 2008 03:35 PM

Interesting article about how much this current bailout, with the addition of the new Citgroup money, is actually costing us.

http://www.ritholtz.com/blog/2008/11...-bigger-bucks/

**Fidel** · 26th Nov 2008 03:54 PM

Originally Posted by bmnehls

Interesting article about how much this current bailout, with the addition of the new Citgroup money, is actually costing us.

http://www.ritholtz.com/blog/2008/11...-bigger-bucks/

Printing money likes theres no tomorrow!

**bmnehls** · 27th Nov 2008 02:57 PM

It not so much that we are printing money, its really just borrowing money from China. I can't wait for the day when they decide that they actually want all the money the loaned us back....

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