Citi SHOCKER: Keep the bailout money

Discussion in 'Economy' started by DavidS, Mar 12, 2009.

  1. DavidS
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    DavidS Anti-Tea Party Member

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    Citi doesn't need more government capital: Parsons | U.S. | Reuters

    WASHINGTON (Reuters) - Citigroup Inc Chairman Richard Parsons said on Thursday that the bank does not need any more capital injections from the government and expressed confidence that Citi would remain in private hands.


    Asked in an interview with Reuters whether Citigroup needed additional government capital injections, Parsons said: "No, I think actually, particularly with the latest conversion... Citi is actually one of the better capitalized banks in the world."


    Parsons was speaking on the sidelines of a Business Roundtable event where President Barack Obama addressed business executives.
    The Citigroup leader also brushed aside any prospect of the U.S. government nationalizing the giant bank.


    "I don't think the administration is heading in that direction," Parsons said. "But I have a lot of confidence in the future viability and strength of a privately held Citi."


    (Reporting by John Poirier and Diane Bartz; editing by Carol Bishopric)
     
  2. Terry
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    Terry Shut the $%$ Up!

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    Maybe because stupid people are actually using those free checks they mail to you. I got some of those today and let me post what the fine print states:

     
  3. Old Rocks
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    Old Rocks Diamond Member

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    Some more of the mechinazations of all these hard working people that deserve to be rich. Lordy, lordy, I can remember when anything above 12 % was considered usery.
     
  4. Terry
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    Terry Shut the $%$ Up!

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    Mind you I have an excellent credit score too! People who use these to pay for anything should be shot on the spot.
     

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