[strider3700]

$this->bbcode_second_pass_quote('Ferretlover', 'I')s the Mr. ____ Prince of Citibank any relation to Erik Prince who owns the Blackwater mercenarys?

[Ferretlover]

Citigroup Shares Fall to Four-Year Low After Analyst Downgrades
Nov. 1 (Bloomberg) -- Citigroup Inc., the largest U.S. bank, fell to the lowest in four years in New York trading after a CIBC World Markets analyst downgraded the stock and said the bank may cut its dividend or sell assets to shore up capital.
Citigroup was lowered to ``sector underperform'' from ``sector perform'' by analyst Meredith Whitney, in a note to clients dated Oct. 31. CIBC also reduced its rating on Bank of America Corp., the second-biggest U.S. bank by assets, to ``sector perform'' from ``sector outperform.''
``The stock will be under significant pressure and could trade into the low $30s,'' Whitney wrote. ...
Citigroup

U.S. Stocks Decline; Citigroup Retreats on Dividend Concern
Nov. 1 (Bloomberg) -- U.S. stocks indexes fell the most in two weeks after investors speculated Citigroup Inc. will cut its dividend and Exxon Mobil Corp., the world's biggest oil company, reported earnings that missed analysts' estimates.
Citigroup, the second-biggest U.S. bank, posted its steepest drop in five years after CIBC World Markets said it must preserve capital after earnings fell to the lowest level since 2004. Exxon slipped after posting a second straight retreat in quarterly profit for the first time in five years. ...
Retreat

[peaker_2005]

"sector underperform"?!?

More like "sector... Oh ****..."

"sector underperform" - my vote for understatement of the century.

[basil_hayden]

"lowest levels since 2004"

This translates to "lowest levels since the last time it was business as usual", correct?

I mean, the oil companies (and banks) made an absolute killing in 2005 and continued the slaughter in 2006, so in 2007 their profits drop to more normal levels, and Wall Street sees this as a reason to downgrade based on performance?

Sounds screwed up to me, am I missing something?

[roccman]

The only corporation in the world that commands ONE LETTER as their logo is defaulting. So why do you continue to pay your debts back? Mish
$this->bbcode_second_pass_quote('', 'P')rince's retirement solves nothing actually. And of all the issues at Citigroup, capital levels is the most critical one. With capital concerns come side issues such as a Question of Solvency at Citigroup.

Let's play American Pie in honor of Chuck Prince.

We all got up to dance,
Oh, but we never got the chance!
`cause the players tried to take the field;
The marching band refused to yield.
Do you recall what was revealed
The day the music died?

[dukey]

i love good news

[roccman]

$this->bbcode_second_pass_quote('dukey', 'i') love good news

[Armageddon]

Rate cuts only delay the inevitable.

[roccman]

http://www.cnbc.com/id/21601044

$this->bbcode_second_pass_quote('', 'C')itigroup faces a write-down in the range of $6 billion to $10 billion, mainly because of exposure to subprime mortgages and collateralized debt obligations, CNBC has learned.


Citi Chief Executive Officer Charles Prince has already offered to resign from his post, according to a person familiar with the situation, and the financial services company's board is expected to accept his resignation at an emergency meeting scheduled for Sunday.

[roccman]

Jan. 15 (Bloomberg) -- Citigroup Inc. posted the biggest loss in the U.S. bank's 196-year history as surging defaults on home loans forced it to write down the value of subprime-mortgage investments by $18 billion.

And this is more than likely only the very tip of what is to come.

[patience]

Yeah! and some Saudi prince dumped a wad of cash into them, along with a Singapore (?) bank, to prop 'em up.

My wife just dumped a 401k from Putnam investments. Their check was on Citibank, which I deposited yesterday. The said it will be a few days before the check clears...... I'm gonna sweat bullets until it does. This is too much pucker factor for me.

GMA reported Citi will lay off 4,000, but other rumors have been all over the place. They are taking a big writedown, also reported from $12 bil to $24 bil in variious sources. The daytrader forums seem to agree that Citi is toast. BTW, somebody on Tickerforum sounds a lot like you??

[IslandCrow]

$itigroup is the only bank I have received personalised junk mail from offering me a loan without my requesting information or being in an existing business relationship. [Warning to marketing departments: I hate this sort of junk mail]

It seems that they have been desperate for people to take loans that they have had to trawl to the edge of nowhere looking for business.

[roccman]

$this->bbcode_second_pass_quote('patience', ' ') BTW, somebody on Tickerforum sounds a lot like you??

[Niagara]

$this->bbcode_second_pass_quote('IslandCrow', '$')itigroup is the only bank I have received personalised junk mail from offering me a loan without my requesting information or being in an existing business relationship. [Warning to marketing departments: I hate this sort of junk mail]

It seems that they have been desperate for people to take loans that they have had to trawl to the edge of nowhere looking for business.

[mekrob]

$this->bbcode_second_pass_quote('Niagara', '')$this->bbcode_second_pass_quote('IslandCrow', '$')itigroup is the only bank I have received personalised junk mail from offering me a loan without my requesting information or being in an existing business relationship. [Warning to marketing departments: I hate this sort of junk mail]

It seems that they have been desperate for people to take loans that they have had to trawl to the edge of nowhere looking for business.

[patience]

Roccman, yeah, I noticed the shift in thinking there! Kinda funny. Well, lurking there, I did figure out that the time for paper investments had passed for me and dumped all that, not knowing enough to play the game.

Looks to me like the woes of Citi and the rest of the finance thing are going to impact the economy first, then be made worse by falling oil supplies. What's your take on it?

[roccman]

$this->bbcode_second_pass_quote('patience', 'R')occman, yeah, I noticed the shift in thinking there! Kinda funny. Well, lurking there, I did figure out that the time for paper investments had passed for me and dumped all that, not knowing enough to play the game.

Looks to me like the woes of Citi and the rest of the finance thing are going to impact the economy first, then be made worse by falling oil supplies. What's your take on it?

[vision-master]

$this->bbcode_second_pass_quote('', 'H')e also seems to think ameika has enough oil for our own internal consumption and that "lefties" should be pulled out in the street and shot for not allowing ANWR to be drilled.

[Iaato]

$this->bbcode_second_pass_quote('roccman', 'N')ope got banned after I told the site owner (KD/Genesis) that his veggie VW was not going to save him from the effects of PO.

He also seems to think ameika has enough oil for our own internal consumption and that "lefties" should be pulled out in the street and shot for not allowing ANWR to be drilled.

He has been dead wrong about gold and oil.

[I_Like_Plants]

It's going to be really fun watching Citi go down.

They took $8k of debt I had with them, pumped it up to $12k, then are telling me they'll settle for $6k. Sorry guys, go fish. I don't' have it. Never will. Too bad.

The actual most revenge I can have against the Beast is to make as little as I need to get by (30 hours a week @ minimum wage, or the equivalent wages, are safe from garnishment, make any more than that and the additional will get garnished, I can live within the nongarnishable amount) and just watch the banksters go high and dry.