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The Big C, Citigroup's Bailout
wolverine
post Posted: Nov 17 2016, 08:56 PM
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In Reply To: plastic's post @ Nov 17 2016, 05:19 PM

Trump is good mates with most of the guys running banks between zero and fuckley's chance anything happens that hurts them.

8 years and Citi just won't die.

Have you thought for a second you might be wrong?



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TOO MANY CHIEFS

NOT ENOUGH INDIANS

Said 'Thanks' for this post: early birds  
 
plastic
post Posted: Nov 17 2016, 05:19 PM
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Apparently, Trump is of the mind set to let them (big banks in general) fail. More to come if that's the case.



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What did Uncle Mel do to us?
 
early birds
post Posted: Apr 15 2016, 10:05 AM
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http://www.cnbc.com/2016/04/14/citi-bofa-s...years-bove.html

Citi, BofA shares ‘could double’ in 2 years: Bove
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when citi at $21 few years back i've been told " it will be zero soon" , it is usd$50ish atm. weirdsmiley.gif


 
plastic
post Posted: Apr 13 2016, 04:00 PM
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In Reply To: wolverine's post @ Aug 15 2015, 07:16 PM

Good things come to those who wait and those who are deserving.

http://www.zerohedge.com/news/2016-04-12/w...g-european-bank

QUOTE
The fact that it is a bank supervisory matter makes it sound like a particular concern, not a discussion about supervisory policy. Something is the matter somewhere that requires an immediate meeting right after another immediate meeting … behind closed doors. That something regards bank supervision. Board hold closed meetings when they have to talk about specific institutions or individuals with details that they don’t want to go public. This all comes very close to sounding like some bank somewhere is in trouble, and the trouble is big enough to call a special meeting of the very august board of governors right after they just had a special meeting, and if you know these kinds of guys, they don’t like wasting their time in excessive meetings.

Naturally, I am as curious as you probably are about why so many last-minute meetings behind closed doors and with the president and vice president at a time when all central bank heads will be meeting with finance ministers in Washington, D.C. So, I cast about for some possible related stories as to what could be the matter, and I found several very hot ones going on this same week.







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What did Uncle Mel do to us?
 
wolverine
post Posted: Aug 15 2015, 07:16 PM
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In Reply To: plastic's post @ Aug 15 2015, 06:34 PM

You're posting it so it seems like something that tickles your fancy.

How long has it been since you called the end of Citi, 6 or 7 years?



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TOO MANY CHIEFS

NOT ENOUGH INDIANS

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plastic
post Posted: Aug 15 2015, 06:34 PM
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My fascinating prognostications aren't mine though. They are those of Zero Hedge's based on the work of BofA.

BIG difference.






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What did Uncle Mel do to us?
 


wolverine
post Posted: Aug 15 2015, 06:27 PM
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In Reply To: plastic's post @ Aug 15 2015, 08:37 AM

At this rate I will die first and my daughter will have to take over reading your fascinating prognostications...



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TOO MANY CHIEFS

NOT ENOUGH INDIANS
 
plastic
post Posted: Aug 15 2015, 08:37 AM
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In Reply To: wolverine's post @ Dec 8 2012, 12:46 PM

Could it be?

Is it about to be?

Will the boss' fat assed old lady be singing, it just can't be?

http://www.zerohedge.com/

QUOTE
One of the most disturbing and recurring themes highlighted on this site over the past year has been the ever greater disconnect between the worlds of equity and fixed income, whether in terms of implied volatility, or actual underlying risk. It turns out there is be an even more acute, and far more concering divergence, which was conveniently pointed out overnight by Bank of America and which suggests that a Bear Stearns type event may be just a few days ahead.









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What did Uncle Mel do to us?

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plastic
post Posted: Jun 28 2014, 01:37 PM
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In Reply To: wolverine's post @ Dec 8 2012, 12:46 PM

All good things come to those who wait. biggrin.gif

What will happen when too big to fail fails?

Bring it.

http://in.reuters.com/article/2014/06/25/b...N0P51ZO20140625

QUOTE
(Reuters) - Wall Street banks are set to take a hit from new rules forcing swaps trading onto regulated platforms, a change expected to lower prices and cause further revenue drops, a study showed on Wednesday.

The new rules, which took effect in February and were required by the 2010 Dodd-Frank financial reform law, could cause revenue in the derivatives business to fall by up to 35 percent, the study by consulting firm McKinsey said.

If banks took no further action, this could wipe out their entire profit in that business, the study said.

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The swaps business - with a total outstanding volume of $710 trillion around the world - is dominated by Citigroup Inc, JPMorgan Chase & Co and Bank of America Corp, Goldman Sachs Group Inc and other large banks.







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What did Uncle Mel do to us?
 
wolverine
post Posted: Dec 8 2012, 12:46 PM
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In Reply To: plastic's post @ Dec 8 2012, 09:01 AM

....and yet they haven't collapsed.



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TOO MANY CHIEFS

NOT ENOUGH INDIANS
 
 


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