I doubt it was Paulson (he'd have to be mad to try it)
Exactly. Conversely, I can't imagine some Hedge Fund manager buying a big lot like that without knowing SOMETHING.
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I doubt it was Paulson (he'd have to be mad to try it)
Whoever bought the 12,800,200 shares of C at the closing bell on Friday will be a happy camper today. If it was me, I'd sell that pig today because, the entire 700B$ bailout allotment wouldn't be enough to save this POS, IMO.
and all this corporate bailout is fine with Obama ?
Considering that Bush, the GOP and Wall Street has done more to advance socialism in America than the socialists, then why wouldn't it be fine?
Stocks are cheap.
Damn. I really thought Citi was going to explode today.
Damn. I really thought Citi was going to explode today.
The market is WAY smarter than the government seems to think.
... most of the time!
There was a pretty good chance of a herd mentality developing today but, by 11AM or so, I gave up on it. No regrets.
If shoots up to $10.00 tomorrow, I might change my mind on the regret thing but, I won't lose any sleep worrying about it tonight.