BREAKING 11-23 Citigroup may get 100 Billion bailout

We should just make it $500 billion....what the hell, right?
 
My marketing company has been on the rocks lately... Can i get $100k of that to stay afloat, and support my faulty business model?
 
My basketball career failed miserably because too many people were better than me, can I get a bail out?
 
TheAmistad said:
Is this money coming from the already passed $700b package?
Click to expand...

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.
 
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
 
Err, the country is broke so it matters not

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.
 
Got gold?

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.
 
llepard said:
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.
Click to expand...

It is the plan after all. Global currency enters stage right.
 
Time to really start monetizing all those t-bills out there!
 
Dear Mr Bernanke

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.
 
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.
Click to expand...

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

heavenlyboy34 said:
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.
Click to expand...

^^ 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?
 
llepard said:
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.
Click to expand...

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

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
 
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:
 
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