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Citibank Will Eventually Declare Bankruptcy.

drosamahusein asked:


The US Government can’t help bailout Citibank without risking its AAA debt rating. If Congress approves a Citi bailout, it will be worse than the $700 billion given to Treasury/Paulson. Don’t get me wrong, bankruptcy is very bad for the financial system. But bailout then bankruptcy is even worse.

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This entry was posted on Friday, December 26th, 2008 at 12:27 pm and is filed under News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

11 Responses to “Citibank Will Eventually Declare Bankruptcy.”

  1. I am still holding to my call that Citi will declare bankruptcy. Today’s action in the stock price tells me the recent up move was short covering and speculation. If Citi’s stock price falls below $5 this week, which I believe will happen, look for interesting thing next week. No matter how many balouts the U.S. government does it will not help. It will just put more downward pressure on the dollar.

  2. All government charge cards are CITI bank cards now look it up they went from Bank of america to CITI ……… Wierd I know because I have one

  3. Maybe ‘bailout’ means bankruptcy in this bizarro world. If this is true then America is risking its AAA rating. Look at Gold!

  4. Just hear we are bailing them out too…this really makes me mad …let them go chap 11

  5. Thank you for all your comments

  6. I’m sorry if I was mis-understood. What I meant by saying that was as long as the price is going higher, above the 50-day MA and towards and over 200-day MA, we should be more confident in the future for gold. Getting stuck on daily movements of the price is gambling. We are investors and looking for the long term plan. Gold is coming upon days were $50 to $100 moves are common. I believe TA shouldn’t be used to be ‘precise’. It should be used to give a ‘heads up’ on directional moves. Thanks

  7. You still need to repay your cards, barring total financial collapse & chaos. You can later re-negotiate with the new ‘lender’ to get your bills reduced,monthly payment reduced or interest rate decreased.

  8. what happens if you have a credit card with them and you owe a few thousand….does that disappear?

  9. ???? You said any close above 800,820,850, and 900 would be positive. That’s some precise technical analysis you offer. No offense, but you offer no insight whatsoever.

  10. Thank you !

  11. thanks for the videos!

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