blank'/> Liberally Lean From The Land Of Dairy Queen: The Only Thing We Have To Fear Is . . . A Lot

2.20.2009

The Only Thing We Have To Fear Is . . . A Lot

Drudge has been running stories of the craziness involving the stock of Citibank and Bank of America today. In essence, there is a fear that the banks are in such bad shape that the government is going to seize them and run them. If that happens, they say, every share of stock becomes worthless. I started watching Citigroup about an hour ago when it was at a shocking $1.90. And it keeps getting worse.

27 comments:

Anonymous said...

I hate Citibank, I use to work there and they are terrible to their employees, or at least around here they are. I hope they go under, I will laugh my a** off. I'll be singing the ha ha song. I hope Citibank burns in hell.

Anonymous said...

All this doom and gloom from you and your lib buddies. What happened to the "change you can believe in?" Obama is going to save everybody isn't he???

Anonymous said...

It's Citigroup (or Citi), Citibank is only one business under the over all group 12:57. I worked for them as well however, some of us still have our vesting and this news today is scary to say the least. Now is not the time to wish hell on any business.. that's someone's future.

Anonymous said...

1:20 I know that Citibank is under the umbrella as Citigroup. I'm not ignorant. I too am vested, and have stock, but I really don't care if I lose it all or not. I really don't care about other people and what their future holds. I only care about me no. 1.
So go moan to someone like your mommy who is willing to listen to your "oh what about me spill".

Gorilla said...

When they're yellin' you should be sellin'; when they're cryin', you should be buyin'....

Jarhead said...

DJIA down over 20% since Election Day, 11% from Election Day to Inauguration Day and 6% since Inauguration Day.

HOPECHANGEHOPECHANGEHOPECHANGEHOPECHANGEHOPECHANGEHOPECHANGEHOPECHANGEHOPECHANGEHOPECHANGEHOPECHANGEHOPECHANGEHOPECHANGEHOPECHANGEHOPECHANGEHOPECHANGEHOPECHANGEHOPECHANGEHOPECHANGEHOPECHANGEHOPECHANGEHOPECHANGEHOPECHANGEHOPECHANGEHOPECHANGEHOPECHANGEHOPECHANGE

"Our Obama, who art in Washington, crappy be thy fiscal policies... Thy will be done, because YOU WON, and now I need to sell my McMansion. Obama bless Biden, and Pelosi and Reich and Geithner. Aaaaaamen."

Anonymous said...

We're doomed

mzchief said...

I would not buy C on a bet but the recovery of BAC is something on which I am comfortable speculating.

Ken Lewis, the chief executive of beleaguered Bank of America Corp. (BAC), is again responding publicly to the growing chatter that his bank could soon face a government takeover.

"Our company continues to be profitable," Lewis told Dow Jones Newswires through a spokesman. "We see no reason why a company that is profitable with strong levels of capital and liquidity and that continues to lend actively should be considered for nationalization.

"Speculation about nationalization," he said, "is based on a lack of understanding of our bank's financial position as well as a lack of appreciation for the adverse ramifications for our customers and the economy."


Source

NEWSFLASH
The U.S. cannot print money fast enough to nationalize and properly/profitably service ALL U.S. banking needs.
Obama and his band of economic MORONS need to SHUT THE "F" UP and tend to ruining the government and leave the economy ALONE. With each passing day, Obama looks more and more like BUSH.

Anonymous said...

" it's the end of the world as we know it, it's the end of the world as we know it"
"sta gash em um um glog we go doddo blah blah nah"
"bo to tptk kgrp prrp ko kokok do dko rookd"
- REM

Anonymous said...

1:37..you've got it bad.

Anonymous said...

Dont think these two went bad in the last 30days!

Get a grip. There will be failures. There will be bailouts.

Anyone who thinks they are alone in the boat is one crazy dude.

And we will survive. I once owned stock in Decatur Savings and Loan, then Olney Savings, then Citi.....get the picture. I'm still here.

My portfolio has taken a beating but I am no where close to losing my principal. I knew the risk, know the risk, and expect to profit (someday) from the risk.

Every economist I have read has predicted it will take 12-18 months to get out of it. You guys keep your shirts on till then

Anonymous said...

....fear itself.

Anonymous said...

Mzchef, Everyday Obammy looks more and more like Stalin. I dream of the day in the near distant future when government controls every dimension of our lives. What to drive, what to give to have nots, what to set my thermostat at, what to eat, what to hear on the radio and what to read.

Anonymous said...

Obama can pull my finger

Anonymous said...

the intrest is up and the stock markets down your gonna get mugged if you go downtown...i live back in the woods you see the woman and the kids and the dog and me...i got a shotgun a rifle and a 4wheel drive and a country boy can survive...i can skin a buck and run a trotline and a country boy can survive...

i guess the upside to this mess is all that worthless paper the guvment is printing will make good wadding for black powder rifles and ass wipe

is it me or is the only "change" i'm seeing is the depth of the penetration

negative fake Bocephus

p.s have a great weekend

Anonymous said...

Stocks are falling b/c Republican senators are talking about nationalization of the banks.

Yes, Republican senators: Lindsey Graham and Kay Bailey Hutchinson.

That is SOCIALISM for all you right wingers.

White house press conference this afternoon stopped the speculation of bank nationalization and the market responded positively.

Anonymous said...

Am not sure about the positive market response to which 0401 refers. Looks to me like the DJIA dropped 100 points today.

Yes, it had been lower in earlier trading, but a 100 point loss is not exactly a rally.

Anonymous said...

The local banks are next.

Get your money out now.

Anonymous said...

Pull your money out of my bank and I'm kicking your ass!

--Double fake A.R.

Anonymous said...

4:01 - thank you. And how many of our LOCAL bankers are REPUBLICANS?

Likely they are banding together in Wise County to petition for nationalization of our banks.

Quit blaming everything on Obama.

Anonymous said...

The CEO of Citigroup is qualified to be in Obammy's administration.

Anonymous said...

HOW did Bank of America get in trouble now? I thought it was one of the "safe" banks just a month or so ago. What happened to put it in the "might fail" category???

Anonymous said...

Forget about pulling your money out of the local banks. If they go under, there is not enough forests to provide the paper to print worthless money to back up the FDIC.

Texans are in the best possible place to survive total meltdown of our economy. We can live off the wild hogs roaming the woods for months. Our grandparents still remember how to grow tators and raise chickens. We just need to bring forth our pioneer survival genes.

Just an interesting footnote on the crisis in the mortgage meltdown, the root cause of the bank failures. ACRON have organized squatters in homes under foreclosure. Yep! They have taken over houses being foreclosed. ACRON who committed massive voter fraud and is getting $$$$$$$ of the bailout. ACRON who organized against the big banks forcing them to make loans to people who could not afford them under the Community Reinvestment Act under Jimmy Carter.

Anonymous said...

tell obama to write them a check and it will fix everything.

Anonymous said...

put your money in to fat daddy's stock it is safe i tell you.

bubba the beer drinker

Mike said...

Wasn't it Citi that got their bailout billions and then announced they were proceeding with plans to buy a 55 million corporate jet. My heart bleeds for them (not).

Anonymous said...

And Nancy Pelosi said "We need to work toward the goal of equalizing income in our country and at the same time limiting the amount the rich can invest."

When asked how these new tax dollars would be spent, she replied: 'We need to raise the standard of living of our poor, unemployed and minorities. For example, we have an estimated 12 million illegal immigrants in our country who need our help along with millions of unemployed minorities. Stock market windfall profits taxes could go a long way to guarantee these people the standard of living they would like to have as 'Americans'."