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does cititgroup have a 'plan' for their bailout....haven't heard about it

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spanone Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-24-08 09:02 AM
Original message
does cititgroup have a 'plan' for their bailout....haven't heard about it
they demanded a 'plan' from the auto companies
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sarcasmo Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-24-08 09:03 AM
Response to Original message
1. They don't need a plan, no Union workers=no plan needed and you get 20 billion.
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Lost4words Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-24-08 09:03 AM
Response to Original message
2. I just called CitiBank and requested they forgive my debt!
What do you think their answer was?
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Lost4words Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-24-08 09:07 AM
Response to Reply #2
4. what percentage is 25K of 20 Billion?
how many zeros are in a Billion! I really dont know, maybe thats why I cant find work.
a million is 6 zeros 7,000,000.
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Lost4words Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-24-08 09:14 AM
Response to Reply #4
6. 1,000,000,000 is a BIllion gosh I am smart.
my calc wont go up to 1 billion!
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RUMMYisFROSTED Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-24-08 09:08 AM
Response to Reply #2
5. Answer: We've RAISED your interest rate to 29.8%.
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Lost4words Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-24-08 09:15 AM
Response to Reply #5
7. that is about what they said....
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Lost4words Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-24-08 09:27 AM
Response to Reply #7
13. What I owe citi = .00001 of 1% of their bail out.
Edited on Mon Nov-24-08 09:29 AM by 8643
1- 100,000th of 1 percent.


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SpiralHawk Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-24-08 09:06 AM
Response to Original message
3. "we'll figure out a plan later, on retreat at The Riviera. Smirk" - Citigroup republicon cronies
"Thanks a lot, suckers, ooops - we meant to say American Taxpayers. Smirk."

- Citigroup republicon cronies
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asjr Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-24-08 09:15 AM
Response to Original message
8. I am sick of paying those bloodsuckers
in the financial realm. I no longer use credit cards but can't keep thinking of all those years of paying for them. It seemed that interest rates skyrocketed in the last few years. Citizens are having to bail out Bush and his cronies. We have been robbed blind.
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Lost4words Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-24-08 09:28 AM
Response to Reply #8
14. Thats about the size of it!
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NOW tense Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-24-08 09:17 AM
Response to Original message
9. Citi Group doesn't deserve anything.
They should reduce their 28% interest on their credit cards first. They are a lot like tobacco companies and deserve punishment.
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pampango Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-24-08 09:20 AM
Response to Original message
10. The reports I have seen indicated that their bailout "plan" included
government veto over executive compensation and dividend payments and, at least partial, government ownership of Citi's stock.

If a bailout "plan" is worked out with the auto industry (and I hope it is), some of the same elements (and some new ones specific to the auto industry) should be in that "plan".
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NOW tense Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-24-08 09:24 AM
Response to Reply #10
12. The terrorists have won
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Lost4words Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-24-08 09:31 AM
Response to Reply #12
16. Totally!
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gravity Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-24-08 09:24 AM
Response to Original message
11. Citi is solvent and can repay the money to the government
Edited on Mon Nov-24-08 09:24 AM by gravity
The auto companies aren't
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KharmaTrain Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-24-08 09:30 AM
Response to Original message
15. Bank Failures Ripple All Over The Place...
Once again Helicopter Ben flies in with money to keep another high flying bank that made the big shitpile higher. This bank is "too big to fail"...meaning if they go under, the run on other banks as well as the further tanking of the markets and the credit markets would turn this situation ugly in a hurry.

Of course there's no plan...there never has been. This is panic "management" as Klink Paulsen and the rest of his Wall Street buddies still think they can print money and buy their way out of this mess. Maybe the auto makers should become best buds with Paulsen before he turns our currency into chicken scratch.
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Lost4words Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-24-08 09:32 AM
Response to Reply #15
17. When I think credit cards I think of MBNA Joe our new VP
8643
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KharmaTrain Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-24-08 09:37 AM
Response to Reply #17
19. And Capitol One...They've Already Gotten Their Bailouts
That was done quietly...now your money's in their wallets.

The '05 Bankruptcy Bill, IMHO, is what began this whole mess. It let the foxes run the henhouse...all but legalized predatory lending and forced many into foreclosure and bankruptcy. Quite a while back, President Obama said he wanted to repeal this repressive law...I hope that's still on the agenda.

Cheers...
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Lost4words Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-24-08 09:40 AM
Response to Reply #19
23. Me Too my friend!
8643
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1gobluedem Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-24-08 09:36 AM
Response to Original message
18. Businesses with white collar employees only don't need a plan
It's only those who employ blue collar union workers.
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Lost4words Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-24-08 09:39 AM
Response to Original message
20. OMG Citi got 306 BILLION ! Great Ceasers Goast!
so my debt to citi now = LESS THAN <.0000001 of 1%

or 1 - 10,000,000th of 1%

8643
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kentuck Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-24-08 09:40 AM
Response to Original message
21. Excellent damn question!
At least, let us see the books. Let us know what we are buying? There is a lot of cut-throat competition between the Big Banks for all this free money. No Questions Asked! Step right up and get $20 billion from the Congress of the People!
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Raineyb Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-24-08 09:40 AM
Response to Original message
22. Citigroup plan = laugh all the way to the bank. n/t
Regards
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SammyWinstonJack Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-24-08 09:48 AM
Response to Reply #22
25. Take the money and run.
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Lost4words Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-24-08 09:44 AM
Response to Original message
24. Citi refused to forgive one cent of my debt with them!
customer in good standing (until the last few years) for 30 years!

my debt = < 1 Ten Millionth of 1% of their BailOut Party Pak!

Where my GD Bailout!!
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