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| User Info | Citibank: Government Stake To Increase? in forum [Ticker] | |||
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Genesis Posts: 71435 Incept: 2007-06-26 
KD^2 
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http://market-ticker.org/archives/820-Ci....
---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2009-02-22 22:59:01
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Ilikecoffee Posts: 1019 Incept: 2008-04-17 
cold , AK
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If nothing else, it might be an effective measure at curbing short interest temporarily.
---------- You can trust the government, ask any American Indian. "When people lose everything and they have nothing left to lose, they lose it" Gerald Celente
2009-02-22 23:06:47
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Juw177 Posts: 178 Incept: 2008-05-16 Australia
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"After all, if the conversion price of that preferred ends up tied to the common's price, I can easily see where Geithner could simply utter the word "nationalization" on national TV, crash the equity price, then force conversion and wind up owning the whole bank." Umm, I don't understand. If they want to nationalise, what is the point of pumping up the stock price first?
2009-02-22 23:12:14
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Gato Posts: 50 Incept: 2008-10-10 Tennessee
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Good ticker, ticker dude.
2009-02-22 23:15:44
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Economic4caster Posts: 62 Incept: 2008-12-10 Riverside, CA
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Looks like the common will be severly diluted. The Government wants to give the impression that they won't let Citi fail. But that could all change by next week!
2009-02-22 23:16:35
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Reza30 Posts: 233 Incept: 2009-02-15
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Like they say, a picture is worth a thousand words.
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2009-02-22 23:21:40 by reza30
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Will Posts: 76 Incept: 2008-12-26
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Can someone explain what "TCE" is. It was not mentioned in the article.
2009-02-23 00:32:29
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Berkleyreindeer Posts: 560 Incept: 2008-07-22 Minneapolis , MN
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And you have to assume citi is putting their best possible scenario forward at this time. Get the govt to plunk even more money down, on common, so the idiots in washington have an even bigger liability on the PoS. When are those stupid ****ers in washington going to say citi failed and move on. it's not that hard. really!! ---------- It'll get worse. Just wait.
2009-02-23 00:48:10
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R0h1tp Posts: 813 Incept: 2008-02-20
Austin, Texas
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TCE = tangible common equity
---------- If you’re looking for the bottom of the market there’s a special offer − buy one, you get the next one free.
2009-02-23 00:55:14
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Blankfiend Posts: 1736 Incept: 2009-02-07
MA
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You are all missing the clear logic of this brilliant move. Citi has a market cap of $10B. US Taxpayers already own $45B of preferred. We now have the once in a lifetime deal of converting that $45B into common equity and winding up with a 40% stake in a $10B enterprise. How much BETTER can it get?
---------- My Elliott Wave Blog: http://blankfiendsew.blogspot.com/ Democrats and Republicans are like M&M's - different colors on the outside and full of brown stuff on the inside.
2009-02-23 00:57:53
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Az Posts: 1659 Incept: 2008-09-22
Looking down the Rabbit Hole
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Jthayer: ---------- Whistleblowers R my heros
2009-02-23 01:30:51
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Luvs_footie Posts: 1839 Incept: 2007-11-26 Australia
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KD, with all due respect.......another day, another blow up in the good old USA and the reverberations are felt around the world. When the hell will all this crap stop? Maybe it's time the rest of the world said.......ENOUGH !!!!! When do we get a new world currency so that the nations of the world can get on with life. The USA has had it's time....... Welcome back to being a just another nation in the world. Super powers come and go as history proves. Sorry for the rant, but like many others.....I'm just feed up with the crap coming out of a once great nation...... The United States of America. ---------- Much of what we labeled Tin just two years ago is now known to have been truth. While today, what most think to be truth is Pure F**king Tin. The times....they are a changing
2009-02-23 02:07:31
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Reza30 Posts: 233 Incept: 2009-02-15
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"The manipulation, game-playing and outrageous activity bordering on an a flat-out scam perpetrated by our government continues." And the pattern of market manipulation has become only too familiar: start a rumor Sunday night to pump the market for Monday when technical levels broke down last Friday.  Last modified:
2009-02-23 04:03:30 by reza30
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Genesis Posts: 71435 Incept: 2007-06-26
KD^2
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Luvs, it stops when the people across the world cut the crap. I see no evidence that is going to happen any time soon. ---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2009-02-23 08:11:36
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Baldy Posts: 6555 Incept: 2008-05-16
Pittsburgh
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What will happen to BAC in the short term if this is true? What happened to all the talk of the end of ad hoc fixes and the beginning of comprehensive ones? I don't presume to understand all of this but it does not seem like things have changed much.
---------- FY2011 Budget - Hist'l Tables (PDF 2.0 MB) http://www.whitehouse.gov/omb/budget/fy2011/assets/hist.pdf 1996-2011 budgets: http://www.gpoaccess.gov/usbudget/browse.html
2009-02-23 08:21:08
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Laura Posts: 3153 Incept: 2008-05-05 
Florida Space Coast
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It IS change, copper pennies for dollar bills! What did you think the President from corrupt Chicago meant all that talk about transparency, honesty and integrity? Obviously, he meant for us to be honest, transparent and willingly pay our taxes to the IRS, but, as for government adhering to those traits in its interactions with us, not so much. /sarcasm off
---------- Karl's just a shill for Big Math. 1LumpSum Honey, where's the AK ? Tyler Durden My Ford focus can get me from point A to point B just as good Tigger's Cadillac. And my back door window is not broken. Mliu
2009-02-23 11:37:10
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