BUY Citibank (C) ??

[IIC]

[jiesen]

Are we about to see banks collapsing?

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/07/03/cmbanking103.xml

When was the last time you heard of an actual 'run on a bank' happening?

[billyjoe]

Jiesen,

1932

-------billy

[IIC]

I don't know where Billy has been for the last 76 years???

http://www.nytimes.com/2008/03/15/business/15bear.html?hp

http://news.bbc.co.uk/1/hi/business/7086473.stm

However...I do not think the FED will allow C to fail...Just like they didn't allow B of A to fail circa 1984 and Security Pacific circa 1992...I worked for both of those Banks during their worst times (Hey, maybe I'm the problem???...lol)...In fact, I worked for B of A 2x

[billyjoe]

Doug,
Have you ever worked for C or BS ? We want to know what you know and when did you know it and who told you.

--------------billy


Thinking back to '32 why did I let them talk me into turning my gold in for paper money? Those darned big bills never did fit right in my wallet.

[IIC]

Doug,
Have you ever worked for C or BS ? We want to know what you know and when did you know it and who told you.

--------------billy


Thinking back to '32 why did I let them talk me into turning my gold in for paper money? Those darned big bills never did fit right in my wallet.

No..But we have a savings account at "C"

[billyjoe]

No..But we have a savings account at "C"

And I'll bet you can count the interest rate on a part of your pinkie finger.

------------billy

[New-born baby]

I got two letters from them this week with 0% interest offers. Things can't be that bad at C, can they? lol

[IIC]

And I'll bet you can count the interest rate on a part of your pinkie finger.

------------billy

I didn't know savings accounts paid interest???...LOL

[mrmarket]

Wow...at $8.95 now...who would have thunk??? This company could go under!

Wow

Wow

WOW~~!!

[mrmarket]

C is like crack cocaine...I bought more at $8.99

[New-born baby]

C is like crack cocaine...I bought more at $8.99

You are hooked. C will not survive. It is the GM of banking.

[mrmarket]

You are hooked. C will not survive. It is the GM of banking.

You may be right...and if you are, I'm going to really get a spanking.

[JohnHenry]

?

C is raising CC interest rates, this is a good idea during a recession? Also, managements are purchasing shares; they know something we don’t know?

[JohnHenry]

Btw, why is C doing so horrible? Did they have $$$ to buy WB a few months ago?