Tag Citigroup

Citigroup disconnect

Someone leaks a Citigroup memo from their CEO saying everything is fine, just fine. Market explodes upwards. Gosh, I’m sure no one bought the stock in advance of the leak. Because that would be wrong. Meanwhile, US prepares next Citigroup…

US may take big stake in Citi

Citigroup had its original birth with Sanford Weil buying degenerate, bottom-feeding subprime companies in the South that preyed on the poor and illiterate. Far as I can see, they’re still the same old girl they used to be. Now their…

Dealbreaker on the future for Citigroup

But wait, could a rescuer be coming? Somali pirates in discussions to acquire Citigroup (C) The pirates will finance part of the purchase by selling new Pirate Ransom Backed Securities. The PRBS’s are backed by the cash flows from future…