Citibank about to give up the ghost? Insider comment.

[Bigvick]

I not only research online, but listen throughout the day on my shortwave radio to alternative news. The reports are that within the next couple of weeks, a major bank will be going under and that will send ripples throughout the world banks and markets. A bank has not been named, but the list is short and Citibank is on that list!!

We all know that the the FED had manipulated things to make them seem much better than by dropping the interest rates and tossing more liquidity into the markets. The faucets that they have opened are running out of water as the dollar plummets. Hold onto your seats friends....it is going to be a bumpy ride!!

Can you post your source for this? I am very interested.

I know the US financial system is in trouble but I have a HARD time believeing that a major bank is going under right now, even admist all the troubles, I simply can't see major banks failing right now, The US gov't will fight it till it's last breath...

 

[Revolution9]

I heard the company may have to sell off many pieces of itself to survive. The fate of the world's largest bank does not look good.

They should not criminally be involved with helping to hide OP money for the Bush crime cabal. I will be glad to see the bank tank regardless of the hit is causes. we need these corrupt institutions out of the way to regain the country.

Best
Randy

 

[Pauliana]

The US gov't will fight it till it's last breath...

Haven't you noticed that they HAVE been? The thrashing about with the Fed, the bailout attempts... oh they've been fighting, but this is a losing battle.

The laws of economics, just like the laws of gravity, cannot be repealed.

 

[Libertytree]

Revolution9,

I don't think most people are very familiar with the Leo Wanta story. Also, do have any links for the incidents re the tankers being turned back etc...?

 

[WRellim]

Reuters article on the fact that Citi and GS most vulnerable to write-down probs...

 

[WRellim]

I heard the company may have to sell off many pieces of itself to survive. The fate of the world's largest bank does not look good.

May have to?

They already ARE selling off pieces.

 

[Edu]

They should not criminally be involved with helping to hide OP money for the Bush crime cabal. I will be glad to see the bank tank regardless of the hit is causes. we need these corrupt institutions out of the way to regain the country.

The plan is to have the american sheep so scared they will accept anything, including the NAU and the "Amero" like the euro or whatever they call it in the end.

Then the whole fed reserve type thing starts up again from zero and this time it's not connected in any way to congress or we the people so they can play whatever games they want to and you can't say a damn thing about it. Fun, fun, fun - for the bankers.

 

[moostraks]

The plan is to have the american sheep so scared they will accept anything, including the NAU and the "Amero" like the euro or whatever they call it in the end.

Then the whole fed reserve type thing starts up again from zero and this time it's not connected in any way to congress or we the people so they can play whatever games they want to and you can't say a damn thing about it. Fun, fun, fun - for the bankers.

QFT Oh joy...

 

[ord33]

Many have seen the latest H3 release from the Fed and have seen the non-borrowed reserves to be negative. Obviously, this seems very alarming for the banking industry. That report is here:
http://www.federalreserve.gov/releases/h3/Current/

I have a question that is over my head. The Federal Reserve sent out a statement later explaining why the non-borrowed reserves were negative. I quoted the press release below. What does one make of this release? Is it total BS or does it have some legitimacy?

http://www.federalreserve.gov/releases/h3/nonborrowedreserves.htm

Recent Declines in Nonborrowed Reserves
The H.3 statistical release indicates that nonborrowed reserves of depository institutions have declined substantially since mid-December to a level that is now negative. This development reflects the provision of a large volume of reserves through the Term Auction Facility (TAF) and has no adverse implications for the availability of reserves to the banking system.

By definition, nonborrowed reserves are equal to total reserves minus borrowed reserves. Borrowed reserves are equal to credit extended through the Federal Reserve's regular discount window programs as well as credit extended through the TAF. To maintain a level of total reserves consistent with the Federal Open Market Committee's target federal funds rate, increases in borrowed reserves must generally be met by a commensurate decrease in nonborrowed reserves, which is accomplished through a reduction in the Federal Reserve's holdings of securities and other assets. The negative level of nonborrowed reserves is an arithmetic result of the fact that TAF borrowings are larger than total reserves.​

 

[HOLLYWOOD]

OPEC wanting to go to the EURO standard and drop the Dollar like toilet paper

Rupert Murdoch and his conglomerate are going to BAIL out the insurers of PRIME loans... est between $800 billion and $1.2 Trillion. I bet it's double those amounts!

Remember the Savings & Loan Disaster was announced at a $50 BILLION bailout and wound up being almost $300 BILLION!

The Fed would never let a major bank go under... REMEMBER Chrysler and their loans?

There are other SERIOUS wranglings in the world...

CHINA going to the SILVER/Precious metals standard...

OPEC wanting to go to the EURO standard and drop the Dollar like toilet paper...

EXXON/MOBILE playing HARDBALL with Venezuela and Hugo Chavez... Getting the COURTS in freezing $12 BILLION in Venezuelan world ASSETS. This is against the $3.5 EXXON and Conoco Phillips have invested in the ORINCO Oil belt. So it's $8.5 BILLION in damages and suppositely lost revenues, yotta yotta...

That totally PISSED the Venezuelans and Chavez off... CHAVEZ and VENEZUELA are ready to cut off ALL (11% of IMPORT OIL the US receives) to America! MAJOR PROBLEM a brewing!!!

Venezuela signs agreements with CHINA on minimum OIL deliveries/quanities and 3 new refineries being built in CHINA ports.

PLENTY GOING ON!


Don't you just LOVE the FAILED AMERICAN FOREIGN POLICY?

Political MORONS + AXIS of EVIL right inside the Beltway of DC = GLOBAL DISASTER!

 

[CurtisLow]

He didn't know. Like I said it was a "mood" going around the office. He is not in a position to be "in the know". He is middle management and is not privy to anything until basically a day before it happens. He has been there for the better part of 5 years and all he said was that he never saw people dragging around like this before like today.

I was hoping to run into someone here that either also works there or knows someone inside that could shed some light.

A better cause for RON PAUL in 2008!!!!!!! WooT!!!!!!!

 

[Carole]

Who? Us??

 

[PatriotG]

A friend of mine just got off the phone with me... works for Citibank at the Broadway office in NY. He said that the "buzz" around the office today was very.. well... "uncomfortable and gloomy" among upper management. He said he feels that something serious is going down in the next week or so.

Anyone else know anyone inside Citi that has said anything to you?

Just curious. This could be interesting.

Today Feb 15 2008

Two Citigroup funds have troubles

 

[see-thru]

mystery and intrigue!! it's a good read!

A friend of mine just got off the phone with me... works for Citibank at the Broadway office in NY. He said that the "buzz" around the office today was very.. well... "uncomfortable and gloomy" among upper management. He said he feels that something serious is going down in the next week or so.

Anyone else know anyone inside Citi that has said anything to you?

Just curious. This could be interesting.

Financial Article: Long read but jeez I hope its not true
Posted February 15th, 2008 by jmhenderson

http://www.dailypaul.com/node/38282