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View Full Version : BREAKING 11-23 Citigroup may get 100 Billion bailout




thomaspaine23
11-23-2008, 03:31 PM
http://www.cnbc.com/id/27873985

Citigroup Update: Government Looking To Buy Assets



At what point is a company "Too Big to BAIL???" :rolleyes:

Cowlesy
11-23-2008, 03:33 PM
We should just make it $500 billion....what the hell, right?

ClayTrainor
11-23-2008, 03:35 PM
My marketing company has been on the rocks lately... Can i get $100k of that to stay afloat, and support my faulty business model?

forsmant
11-23-2008, 03:38 PM
My basketball career failed miserably because too many people were better than me, can I get a bail out?

constitutional
11-23-2008, 03:50 PM
Is this money coming from the already passed $700b package?

Cowlesy
11-23-2008, 03:53 PM
Is this money coming from the already passed $700b package?

I'd throw a guess out there of the Federal Reserve buying $100 billion in garbage for some extended period of time for cash.

Not sure how they'd get the $100 billion out of the TARP without Congress or the President.

fr33domfightr
11-23-2008, 03:55 PM
Hell, if these companies are TOO BIG TO LET THEM FAIL then I'd say the government should start chopping them up NOW. That way, any individual business unit should be ALLOWED to fail!!

I honestly think that's just a bullsh1t answer. Nothing is too big to let fail.



FF

Johnnybags
11-23-2008, 04:09 PM
Just protect your buying power and ignore the foolish government schemes to maintain the status quo. Railroads, truckers, utilities etc are all lined up waiting for loans to refi the massive debt they accumulated. Foreigners told us to f'off after the housing charade so its the taxpayer that loans money now.

llepard
11-23-2008, 04:15 PM
This is really simple folks.

We are going to bail out everything.

We do not have the money to bail out everything.

We are going to print the money to bail out everything.

People are going to figure out that there is no end to the printing.

They are going to lose faith in the value of the money.

The money is going to become worthless.

Gold has been real money since history started being written.

Any questions? I thought so.

PatriotOne
11-23-2008, 04:20 PM
This is really simple folks.

We are going to bail out everything.

We do not have the money to bail out everything.

We are going to print the money to bail out everything.

People are going to figure out that there is no end to the printing.

They are going to lose faith in the value of the money.

The money is going to become worthless.

Gold has been real money since history started being written.

Any questions? I thought so.

It is the plan after all. Global currency enters stage right.

Cowlesy
11-23-2008, 04:22 PM
Time to really start monetizing all those t-bills out there!

cska80
11-23-2008, 04:23 PM
http://www.cnbc.com/id/27873985

Citigroup Update: Government Looking To Buy Assets



At what point is a company "Too Big to BAIL???" :rolleyes:

At what point is capitalism too big to fail?

heavenlyboy34
11-23-2008, 04:24 PM
Dear Mr Bernanke,

You've been in a very generous mood this year. I would like to ask that you be a bit generous with me and pay off my overpriced student loans. I'm sure the taxpayers would be glad to pay for it. After all, now that I can get out into the market (when it recovers someday) I'll be able to produce new capital that you can try to steal. All these bad loans are just getting in the way-I'm sure you'll understand.

Regards,
heavenlyboy34.

ShowMeLiberty
11-23-2008, 04:32 PM
The CNBC article says:

Government officials fear taking over Citigroup would create a precedent: Unlike AIG, Citigroup's balance sheet is relatively healthy, with relatively strong levels of capital particularly compared to most of its competitors.

If their balance sheet is so healthy, WTF do they need with $100 Billioin of OUR dollars! :mad:


Dear Mr Bernanke,

You've been in a very generous mood this year. I would like to ask that you be a bit generous with me and pay off my overpriced student loans. I'm sure the taxpayers would be glad to pay for it. After all, now that I can get out into the market (when it recovers someday) I'll be able to produce new capital that you can try to steal. All these bad loans are just getting in the way-I'm sure you'll understand.

Regards,
heavenlyboy34.

^^ This right here. How about we launch a massive letter writing campaign? Write a letter similar to this to Bernanke at the Fed and Paulson at Treasury, and what the hell, another copy to Mr. "fixing the economy trumps the deficit" Obama.

Sending them all actual snail-mail paper letters won't change anything but it might annoy the hell out of them and at the moment, that's good enough for me!

Any takers?

nbruno322
11-23-2008, 04:35 PM
"nobody is too big to fail" ~ Peter Schiff

puppetmaster
11-23-2008, 04:54 PM
This is really simple folks.

We are going to bail out everything.

We do not have the money to bail out everything.

We are going to print the money to bail out everything.

People are going to figure out that there is no end to the printing.

They are going to lose faith in the value of the money.

The money is going to become worthless.

Gold has been real money since history started being written.

Any questions? I thought so.

Then America becomes just another note in the history books. Guys...
get ready to be a third world country

socialize_me
11-23-2008, 05:07 PM
http://www.cnbc.com/id/27873985

Citigroup Update: Government Looking To Buy Assets



At what point is a company "Too Big to BAIL???" :rolleyes:

HAHAHA!!! No amount of money can save these bastards. Let it burn.

scandinaviany3
11-23-2008, 05:15 PM
just take it back...they obviously dont know what they are doing

700 billion for bad assets...

Oh..wait...150 billion for credit and loans for banks to use for keeping credit moving is the new plan.

Wait or is that for all the bonuses for ceo's, etc need paid and we dont have enough to pay them and the needed US credit.

oh wait...100 billion for citibank...

So what will be this next wait...i have a new plan for ????

stupid idiots...if you are going to use fiat money for something at least turn it into something physical so it has value again!

And if you are stuck in a fiat credit system to pay everything at least use it to get yourselves out of that systems sooner and not later!

I mean gosh...energy costs are high in the US, taxes are high, health insurance is high...but the dollar is high for now so lets bring it down...what idiots

socialize_me
11-23-2008, 05:19 PM
Well what's the worst part is that once these companies get bailout money, they need to match it by loaning out the equivalent!! So after these companies make bad loans, they need to go out immediately and make more loans...:eek:

BeFranklin
11-23-2008, 08:38 PM
http://www.cnbc.com/id/27873985

Citigroup Update: Government Looking To Buy Assets



At what point is a company "Too Big to BAIL???" :rolleyes:

What's even scairer then being on the homeland security list is being on the taxpayer list.

BeFranklin
11-23-2008, 10:26 PM
What's even scairer then being on the homeland security list is being on the taxpayer list.

Bump. Thanks for the laughs benrnake and paulson.

danberkeley
11-23-2008, 10:43 PM
I double downed on 20 and got a face card. Can I get a bail out?

Matt Collins
11-23-2008, 10:44 PM
Citigroup Inc PAC gave (http://www.opensecrets.org/orgs/summary.php?id=D000000071)$581,216 to President Elect Hussein B.O.
http://www.opensecrets.org/pres08/contrib.php?cycle=2008&cid=N00009638




Let's see who else the Citigroup PAC gave money to....


Emanuel, Rahm (http://www.opensecrets.org/politicians/summary.php?cid=N00024813)$28,000
Hagel, Chuck (http://www.opensecrets.org/politicians/summary.php?cid=N00005301)$24,100
Biden, Joseph R Jr (http://www.opensecrets.org/politicians/summary.php?cid=N00001669)$23,950
Durbin, Dick (http://www.opensecrets.org/politicians/summary.php?cid=N00004981)$40,250
Rangel, Charles B (http://www.opensecrets.org/politicians/summary.php?cid=N00000964)$61,450

Clinton, Hillary (http://www.opensecrets.org/politicians/summary.php?cid=N00000019)$392,667 (Senate)
Obama, Barack (http://www.opensecrets.org/politicians/summary.php?cid=N00009638)$458,962 (Senate)

http://www.opensecrets.org/orgs/toprecips.php?id=D000000071

DAMN the Internet makes this stuff so transparent....

ihsv
11-24-2008, 12:26 AM
Citigroup Inc PAC gave (http://www.opensecrets.org/orgs/summary.php?id=D000000071)$581,216 to President Elect Hussein B.O.
http://www.opensecrets.org/pres08/contrib.php?cycle=2008&cid=N00009638




Let's see who else the Citigroup PAC gave money to....


Emanuel, Rahm (http://www.opensecrets.org/politicians/summary.php?cid=N00024813)$28,000
Hagel, Chuck (http://www.opensecrets.org/politicians/summary.php?cid=N00005301)$24,100
Biden, Joseph R Jr (http://www.opensecrets.org/politicians/summary.php?cid=N00001669)$23,950
Durbin, Dick (http://www.opensecrets.org/politicians/summary.php?cid=N00004981)$40,250
Rangel, Charles B (http://www.opensecrets.org/politicians/summary.php?cid=N00000964)$61,450

Clinton, Hillary (http://www.opensecrets.org/politicians/summary.php?cid=N00000019)$392,667 (Senate)
Obama, Barack (http://www.opensecrets.org/politicians/summary.php?cid=N00009638)$458,962 (Senate)

http://www.opensecrets.org/orgs/toprecips.php?id=D000000071

DAMN the Internet makes this stuff so transparent....

Good find! Thanks for sharing!

BeFranklin
11-24-2008, 01:06 AM
They didn't give any to Ron Paul??? hmm

HOLLYWOOD
11-24-2008, 04:38 AM
To Date:

Citibank BAILOUTS now equal: $366 BILLION yes... $366 BILLION!

Anti Federalist
11-24-2008, 06:33 AM
It is the plan after all. Global currency enters stage right.

Yup, the trigger was pulled. Didn't really think "they" would do it, but they did.

Monkeyed with the currency, causing rapid run ups in oil and other vital goods right at the time mortgages were at the peak of "resetting".

Too much debt, too much cost associated with decreasing dollar values on all the goods imported, which is everything, pretty much, that people buy.

Hit 'em with a ARM reset, and boom, collapse.

Well engineered, I'll give 'em that.

reduen
11-24-2008, 08:27 AM
Has anybody noticed that those Congress Critters do the most damage on the weekends or is it just me...?

I say we push for a ban on weekends in our country. It is getting too expensive for me to have them!

reduen
11-24-2008, 08:29 AM
This is really simple folks.

We are going to bail out everything.

We do not have the money to bail out everything.

We are going to print the money to bail out everything.

People are going to figure out that there is no end to the printing.

They are going to lose faith in the value of the money.

The money is going to become worthless.

Gold has been real money since history started being written.

Any questions? I thought so.

What are we to do to stop this nonsense llepard..? :(

moostraks
11-24-2008, 08:35 AM
Has anybody noticed that those Congress Critters do the most damage on the weekends or is it just me...?

I say we push for a ban on weekends in our country. It is getting to expensive for me to have them!

:D

moostraks
11-24-2008, 08:53 AM
Yup, the trigger was pulled. Didn't really think "they" would do it, but they did.

Monkeyed with the currency, causing rapid run ups in oil and other vital goods right at the time mortgages were at the peak of "resetting".

Too much debt, too much cost associated with decreasing dollar values on all the goods imported, which is everything, pretty much, that people buy.

Hit 'em with a ARM reset, and boom, collapse.

Well engineered, I'll give 'em that.

Yep, since everything has fallen in just such a fashion that it means most will comply because what is the alternative? Try offering one and people's eyes glaze over and they speak of the futility of using "sound" money. Well, yeah, as long as you continue to allow the people who screwed us to make the rules you will continue to pay them for the priviledge of screwing you. End the Fed protests are treated like they are run by conspiracy kooks instead of people rallying to throw off the yolks of an oppressive quasi-government entity.

BarryDonegan
11-24-2008, 02:41 PM
looks like my source is in fact right!

if JP morgan chase or something like that acquires citigroup after the bail out, or basically if citigroup is put up for sale, then I'm going to consider them vindicated

http://www.ronpaulforums.com/showthread.php?t=168975&page=2&highlight=citigroup

that was the post where i predicted this.

BarryDonegan
11-24-2008, 02:42 PM
Yep, since everything has fallen in just such a fashion that it means most will comply because what is the alternative? Try offering one and people's eyes glaze over and they speak of the futility of using "sound" money. Well, yeah, as long as you continue to allow the people who screwed us to make the rules you will continue to pay them for the priviledge of screwing you. End the Fed protests are treated like they are run by conspiracy kooks instead of people rallying to throw off the yolks of an oppressive quasi-government entity.

our protest in nashville was very well-received. nashville is not aprotest friendly town, and everyone was cheering and honking, didn't see anyone who opposed us.

llepard
11-24-2008, 02:58 PM
What are we to do to stop this nonsense llepard..? :(

It cannot be stopped. It will run to its natural conclusion and then we will see a real Revolution.

I am thinking things will get so bad that the people who did this to us will get out of the country to protect their personal safety.

The Remnant will take over.

It will be a happy day.

WRellim
11-24-2008, 04:20 PM
It cannot be stopped. It will run to its natural conclusion and then we will see a real Revolution.

I am thinking things will get so bad that the people who did this to us will get out of the country to protect their personal safety.

The Remnant will take over.

It will be a happy day.

Wish I could agree. (I really, really DO wish that I could... it's a nice picture).

I concur that it will "run" to its natural conclusion. Perhaps of few of the criminals will leave the country; but as we can see with Obama's cabinet, there are always more of the same (twin brothers, sons, etc) ready to step up and continue the same insanity albeit under a new guise and with a new "mandate" for change (and the propaganda will continue to confuse the vast majority -- if that fails, simply bring on the Goebbels-like lies about foreigners and have another war to rally everyone behind the flag.)

But once the whole house of cards falls apart, I think they will simply "wipe" the books ...and then start all over again with yet another form of fiat currency -- but this time a "global one" run directly under the aegis of IMF/WorldBank/UN or whatever "new" organization they want to create. (While the world holds its collective breath waiting for the "great ones" to save us all with their conference and magical solution!)

And even *IF* a revolution happens, I sincerely doubt that the remnant will take over -- it will be much more likely for a slightly different group of sociopaths to take over. (In part because the true Remnant is just NOT capable of acting in a brutal, sociopathic way, the only time the Remnant can take charge is after a deathly disaster that destroys the sociopaths.)



There was a movie from the late 60's called "The Adventurers" (with Candice Bergin in her mid 20's) that followed a couple of young kids in a Central American country who were orphaned in a "people's revolution" (the ophaned kids being the children of the people in power). Subsequently the "revolutionaries" that overthrew their parent's government becomes a completely corrupt, oppressive military dictatorship in a nearly identical fashion to it's predecessor; fast forward 20 years and the kids (now grown) get their revenge by helping a new group of "people's revolutionaries" to overthrow and install the an entirely "new" government... only to watch it take on (once again) and identical mantle and form of corruption, dictatorship and oppression just like the ones that they replaced.



My point is not that the US will become a military dictatorship (if anything we will have another "political dictatorship" -- we have had several already, Lincoln, Roosevelt, LBJ/Nixon, Bush, and coming soon... Obama) -- but rather that whenever "revolutions" occur in societies -- whoever comes out on top inevitably emulates and succumbs to become the SAME thing as the type of corrupt regime that was replaced. (In essence it is an internecine conflict between warring factions of "brother" sociopaths).

In the US, this means that one crony, faux-capitalist cabal will replace another -- regardless of whether the "revolution" happens via ballots or bullets. As each group waxes and wanes, there might be "lapses" when those in power seem to have "learned a lesson" from the previous disaster, and for a short time liberty and economic freedoms can flourish (a decade, maybe two) but inevitably it will be underminded in much the same fashion as previous cycles.

History doesn't really repeat itself, but it does tend to rhyme.

I know that makes me a horrible cynic, but I just cannot see anyway that it will really change, bar some "bubonic plague" that devastates the cities in a new black death (America was actually allowed to be "born" only because of the "empty lands" created by the epidemics following 1491 (http://en.wikipedia.org/wiki/1491_%28book%29), which were much more devastating to the native populations than the Black Death was in Europe two centuries prior -- Europe lost somewhere between 1/3 to 2/3 of it's population, current estimates are that Native Americans lost over 9/10 of the population.)

That said, I'm all for the "good fight" and working to "educate" people -- but quite frankly, the vast majority of mankind is just SO DAMNED DUMB, and so DESIROUS of picking a new "king" and "savior" so that they themselves do not HAVE to think... (But alas, the best success I think one can hope for is gathering and "saving" a small limited-size group of friends, and hope to gain some measure of control over local governments for the short term.)

BTW, I *try* to be optimistic... I really do... but its seems that whether in large or in small, people never fail to NOT surprise me.

Suzu
11-24-2008, 06:54 PM
They are going to lose faith in the value of the money.
I think "they" already have.


The money is going to become worthless.
It hasn't far to go, to reach that point.

itshappening
11-24-2008, 07:06 PM
It cannot be stopped. It will run to its natural conclusion and then we will see a real Revolution.

I am thinking things will get so bad that the people who did this to us will get out of the country to protect their personal safety.

The Remnant will take over.

It will be a happy day.

Zimbabwe is the model then? with hyperinflation independently estimated in the sextillions, millions starving and dying etc.

SeanEdwards
11-24-2008, 07:08 PM
Look at citigroup stock. Over 50% gain in one day.


http://finance.google.com/finance?chdnp=1&chdd=1&chds=1&chdv=1&chvs=maximized&chdeh=0&chdet=1227576392265&chddm=1955&q=NYSE:C&ntsp=0

This economic system is a bad joke. How many insiders to that citigroup bailout information just made a fortune? WTF kind of a marketplace is it when the decisions of Nancy Pelosi determine economic success? Nancy and her cohorts know which banks and businesses are well run? This is a madhouse, and we're supposed to trust the bozos running this mockery? :rolleyes:

puppetmaster
11-24-2008, 07:29 PM
It cannot be stopped. It will run to its natural conclusion and then we will see a real Revolution.

I am thinking things will get so bad that the people who did this to us will get out of the country to protect their personal safety.

The Remnant will take over.

It will be a happy day.

I would like to be involved in a large scale labor strike!!

satchelmcqueen
11-24-2008, 07:44 PM
The CNBC article says:


If their balance sheet is so healthy, WTF do they need with $100 Billioin of OUR dollars! :mad:



^^ This right here. How about we launch a massive letter writing campaign? Write a letter similar to this to Bernanke at the Fed and Paulson at Treasury, and what the hell, another copy to Mr. "fixing the economy trumps the deficit" Obama.

Sending them all actual snail-mail paper letters won't change anything but it might annoy the hell out of them and at the moment, that's good enough for me!

Any takers?


Im in for that. For real! What address do i mail letters to to get to Bernanke and company?