Citigroup's $250 billion dollar "Toxic Asset" is now governments responsibility. 2/11/09

[jackfruit22]

Woww!! That's how you talk to these guys, nail them with specifics.

I would like to add a couple of points to what Grayson makes about citi deal.

1. You cannot buy insurance after your house is burgled.

2. 7 billion worth preferred shares is not same as -citi paying 7 billion to buy insurance. Valuation of citi depended on govt deal, so citi got this deal for nothing. Think of it as snake eating its tail.

3. The paper indeed was worth less as it turned out..

Go Figure!!

[robocopjohn]

Typical corporate America

[franctoma]

No institutions are too big to fail. Let the bad companies fail and let the good companies take over.