First Question - Will Citigroup die ? Or will it "eventualy" nationalized ?

Cuz it seems really bad now. 1.51 ... if they survive this shit, 1.51 is a great price IMO :)

Second Question - Will AIG die ?

Damn its trading at 45 cents a share now -_-, who ever thought AIG would go "that low" ?

Third Question - Will Big "three" die ?

I want them to die, they dont deserve any help. Look at GM. shhhhhesh Ford is doing ok so far, Chrylser ... DIE!
:)

Come on boys/girls ! Put your 0.02 in ! :)

buy low sell high .
next question ....

... yeah I know buy low sell high ... buy high sell low is for people who sell short :P

The question should be, what are your opinions on the companies above ? Do they deserve to live? why ? :)

I thought I was buying CITI pretty low at around $6.00
Luckily SGP came through for me at over 40% in about two months. It's been heading back down and I may jump on that again. Least I called that one right! Win some.......loose some.

I'll hold the "C" until it goes away ytotally. Maybe my Grand kids will someday be rich like Forest Gump with those Apple shares.

Wanna know something really scary? No one knows. No one. Including the people calling the shots. And there's no way to really know how bad it's going to get. It's not really a recession, folks, though it won't be official until it's all over.

First Question - Will Citigroup die ? Or will it "eventualy" nationalized ?

Cuz it seems really bad now. 1.51 ... if they survive this shit, 1.51 is a great price IMO :)

Second Question - Will AIG die ?

Damn its trading at 45 cents a share now -_-, who ever thought AIG would go "that low" ?

Third Question - Will Big "three" die ?

I want them to die, they dont deserve any help. Look at GM. shhhhhesh Ford is doing ok so far, Chrylser ... DIE!
:)

Come on boys/girls ! Put your 0.02 in ! :)No, I don't think they will let Citi die, and it looks like it's already well on its way to being nationalized, hopefully its only temporary. AIG may die, but Chrysler more surely will. GM should declare bankruptcy and make a go of it. I'm buying as much as I can now, but I'm not buying fnancials. I get so tired of listening to the talking heads on CNBC. My hero is Warren Buffit: Cash is like sex, you can save it for your old age if you want, but it's a lot more fun to use it now.

^^ haha. no1 knows what will die, thats why its a risk :P

:Eyecrazy:No, I don't think they will let Citi die, and it looks like it's already well on its way to being nationalized, hopefully its only temporary. AIG may die, but Chrysler more surely will. GM should declare bankruptcy and make a go of it. I'm buying as much as I can now, but I'm not buying fnancials. I get so tired of listening to the talking heads on CNBC. My hero is Warren Buffit: Cash is like sex, you can save it for your old age if you want, but it's a lot more fun to use it now.

Might wanna learn how to spell your hero's name! :lol2:

You see that last night on the news?...............GM's loss was to the tune of like 86 million a day.........how is that possible? I didn't do the math, but it's something like $1k a second! Think about that.
Damn those retired auto workers must be hauling in some mad cash!

1. Citi will not die nor will it be nationalized. I know a thing or two about this kinnda stuff...

2. Probably not, but it could happen.

3. Not all 3, but at least one will fall.

:Eyecrazy:

Might wanna learn how to spell your hero's name! :lol2:

You see that last night on the news?...............GM's loss was to the tune of like 86 million a day.........how is that possible? I didn't do the math, but it's something like $1k a second! Think about that.
Damn those retired auto workers must be hauling in some mad cash!
My older brother is an accountant in Omaha and has met him a couple of times. Says he's just like a regular guy. Maybe he won't be too upset by my poor spelling! Anyway, I didn't see the news last night but GM lost $39 Billion in the 3rd Quarter of 2007. Such losses can only go on for so long. They've been so HUGE for so long they've long ago grown complacent. Time for them to learn a little reality, I think.

1. Citi will not die nor will it be nationalized. I know a thing or two about this kinnda stuff... But didn't they announce today that the gov't is going to take a 36% share? That's why I say it's already well on its way to being nationalized. My only hope is that it will be temporary.

the Gov't converted their prefferred stock to common stock to show their confidence in Citi. that of course diluted the existing shares which is why the price dropped today.
I imagine investors will start buying it up next week

My opinion on my question :

1. Citigroup, Yes, Government did converted their preferred stock to common stock kto show confidence. but lets not forget, No one really thought FDIC would seize WaMu. but they did, and there were no early symptom. They just did it. Citigroup might just "break" one day. who knows. but if Citigroup does fall, Well, its GG to a lot of other smaller banks.

2. Biggest problem with AIG is that, no one buying their asset or trying to buy it at a price which AIG doesnt want.

3. I think GM should go bankruptcy. Chrsylser should just die. Ford should stay.

Biggest problem is, this country has no money. Yep, no money. US has a history of "Low savings and high spending". I wonder how they gonna get their money to run those stimulus plan

1. you're COMPLETELY wrong on the wamu statement. We saw that coming from miles away.

1. you're COMPLETELY wrong on the wamu statement. We saw that coming from miles away.

well, I saw it too, but government could've saved it. I prefer them to save WaMu than GM. Know what I Mean ? :P

well, I saw it too, but government could've saved it. I prefer them to save WaMu than GM. Know what I Mean ? :P

They aren't saving either one! You are.....and your kids, and their kids, and then their kids. :banghead:


I know you know that, I'm just saying.....................

lol ! ... yeah ... its our children ...

they didn't want to save WAMU. There's a reason the FDIC placed it into conservatorship (guess who gets wiped out...)

GM is a joke, the business model doesn't work - they MIGHT make money if US car sales go at the rate of 15-17 million, which did happen once or twice but was fueled by taking on too much debt.
Many of the GM cars today are OK, well, some at least are pretty cool - many of the Cadillacs, but for the rest of the divisions, its just too late, practically two generations of Americans don't like their cars anymore.

they didn't want to save WAMU. There's a reason the FDIC placed it into conservatorship (guess who gets wiped out...)

Couple years ago I never even heard of "Washington Mutual", all of sudden its every freaking where. they tried to expand too fast in too little time, so they pretty much ignored all the risk that might bring them down ... :(
crappy risk management :(

*Shurgs*

GM is a joke, the business model doesn't work - they MIGHT make money if US car sales go at the rate of 15-17 million, which did happen once or twice but was fueled by taking on too much debt.
Many of the GM cars today are OK, well, some at least are pretty cool - many of the Cadillacs, but for the rest of the divisions, its just too late, practically two generations of Americans don't like their cars anymore.

Yes! We just need to build the biggest SUV ! YESSSS !

They want to live? sure.

Fired all UAW people. Cant solve everything, but its a start.

Citigroup touched John Kerry - who is a Chindi, and anything that touches a Chindi becomes a Chindi - so Citi is right now a kind of Zombi bank, and any bank it touches Citi, think Bank of America - also becomes a zombi, or at least at the top - local branches may continue on, being sucked dry by the top.

When there is no new money to prop up these tattered corpses up, they will shrivel and die, while their CEOs party themselves to death or drop like fat lice from the sucked out husk...floating slowly slowly downward on golden paracutes...

Things will really get interesting if they can open up Swiss and Offshore banking to find hidden assets - even big banks may have been trying to avoid taxes...

But while we may celebrate the mess GM and Chrysler are in - we are still empying out the till - for example, we are promising billions in aid to Gaza when even the Arab states are holding back because of the self destructive politics of the area.

The big, final collapse of everything, and last fatal act will be the 'privitization' of Social Security to use the money to save the banks, Wall Street and car makers.... and that's already in the pipeline...

Team Kerry wants the end of the US as we know it, and they are already talking about trading California to China to get rid of the US debt! Now it's humour - tomorrow, well...

... yeah I know buy low sell high ... buy high sell low is for people who sell short :P

The question should be, what are your opinions on the companies above ? Do they deserve to live? why ? :)

Uhh, i hope you realize short sellers "sell high, buy low."

Citigroup will most likely survive. Government doesn't want that much baggage. When you compare it to Freddie Mac or AIG, Citigroup has way too many divisions that no government wants to manage. Unfortunately I know a friend that bought Citigroup at $17 and I told him to sell back in November. Well then again, I purchased Bank of America at $14 :'(.