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re: What is up with Citi

Posted on 4/14/09 at 3:51 pm to
Posted by SugarBeauxl
Chicago
Member since Nov 2008
1079 posts
Posted on 4/14/09 at 3:51 pm to
quote:

Playing short term movements in the market is great. Congratulations, you timed, literally, the largest percentage move in 80 years. I still think you're an idiot for suggesting that C will be worth anything in 5 years. It is a baseless claim at best.


So if I'm an idiot for believing that Citi will be something in 5 years, what am I regarding GE,BoA,Ford....?
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 4/14/09 at 4:05 pm to
GE- Debatable, but highly unlikely, at least at this point, that they get wiped out.
Ford- I haven't heard anyone bash them, they've done what Chrysler and GM couldn't, reduce their debt. So that's a straw man.
BOA- Same as C. Does the common get wiped? I have no idea, and probably not, but I also don't think it will be worth anything substantial in 5 years either.
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