Citigroup Gets a Lease on Life From FASB--The change in mark-to-market might bring the short-squeeze of a lifetime.
9:44 AM EDT
http://www.thestreet.com/p/index.html
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Snippet:
"I am thinking that it is worth the bet to buy the common. You have a zombie bank with huge upside and limited downside. Now if the regulators comply, you could get the greatest short squeeze in history and a huge ramp to the group. "
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Crammer: Citigroup (C) - MTM might trigger shrot squeeze of a lifetime.
Started by LimeJuice2, Apr 02 2009 09:17 AM
2 replies to this topic
#1
LimeJuice2
Daytrader, Tech Investor, Software Developer
Posted 02 April 2009 - 09:17 AM #2
mannfm11
Grizzly Bear Posted 02 April 2009 - 09:22 AM
You mean trigger the biggest fraud in history? There are a million people in prison in the US and most of them are more trustworthy than the people who run some of these banks. They should be taken to court for fraud and disbanded under the title of nobility provisions in the constitution. These guys have used fiction and privilege to destroy US financial standing in the world. Why should one group be given a right over another, aka being able to issue paper deemed by decree to have value with doubtful value behind it. These banks, not the Fed create the money in the US.
#3
TobagoJack
Black Bear Posted 02 April 2009 - 04:03 PM
These banks, not the Fed create the money in the US. When I lived in florida my strip club owner friends, my scientology friends, and my nudist resort friends don't like walking into banks where a christian bank loan officer can approve or deny thier financial future based on his personal code of ethics or morals. 1 user(s) are reading this topic0 members, 1 guests, 0 anonymous users |
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