reply to post by Cairowoman
Have no fear, the House of Saud is here! Up, up, away!
Saudi
Prince boosting Citi stake to 5%
Yesterday when I was reading about Citi's stock tanking I stumbled across an article that said the CDS market was going crazy over Citi, raising the
price of CDS's based on them failing by over 300 points in a matter of minutes. That makes me believe that if Citi failed, and I mean fully failed,
went bankrupt and closed its doors rather than simply being bought out and merged, then I think the whole system would implode. I already believe AIG
is among the top dogs as far as the CDS goes, with many trillions of dollars at risk if they fail, now I believe Citi is in that same category.
Is Citigroup next?, page 1
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Topic started on 20-11-2008 @ 10:37 AM by Cairowoman
After seeing another thread on another CT board I had to post it
here.....Reuters
Citibank getting a huge infusion----ok so I thought they were "stable"--remember how after the bailout and Wachovia failures that they (MSM, gov't leaders) said that Citibank was ok?
Now what? WE all know they are too big to fail but they are also too big to get totally bailed out....what do you think is going to happen?
Citibank getting a huge infusion----ok so I thought they were "stable"--remember how after the bailout and Wachovia failures that they (MSM, gov't leaders) said that Citibank was ok?
Now what? WE all know they are too big to fail but they are also too big to get totally bailed out....what do you think is going to happen?
reply posted on 20-11-2008 @ 11:08 AM by marg6043
reply to post by burdman30ott6
Occurs they are here, they bought part of the Citigroup back last year when it first started to have problems.
So if they go down this time is the Saudis the ones that will lose the most, but then again they have plenty of money to burn anyway is not like they are to lose their incredible fortunes.
Occurs they are here, they bought part of the Citigroup back last year when it first started to have problems.
So if they go down this time is the Saudis the ones that will lose the most, but then again they have plenty of money to burn anyway is not like they are to lose their incredible fortunes.
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