Bank Bubbles

[El Presidente]

[Spartan]

Not looking good for Citigroup!

[FXAdam]

That's a neat chart. It makes things very clear.

[Fuzz AI]

Not looking good for Citigroup!

Technically RBS has fallen by a greater percentage. Either way, it all looks pretty grim.

[Don Candido]

Not looking good for Citigroup!

The chart has Citigroup at an $82B Market cap as of Oct 20 (the green bubble.) Today, Citigroup's Market cap is $20.54B. So, while that blue bubble stays the same $255B, the green bubble would be 1/4 the area of the one shown in the chart.

[Chaki]

I heard that Goldman Sachs is going to merge with Citigroup to save it.

The combined entity will be called "Sachs and the Citi".

HBO has been contacted for copyrights issues.

(Warning: this is a joke, do not rush and buy the stock just yet )

[bolivr]

Citigroup rescued....

Who is next? Self interest says save GM but I know I won't get any sympathy votes.... violin.gif

http://news.theage.com.au/world/us-promise...81124-6g0y.html

[El Presidente]

The chart has Citigroup at an $82B Market cap as of Oct 20 (the green bubble.) Today, Citigroup's Market cap is $20.54B. So, while that blue bubble stays the same $255B, the green bubble would be 1/4 the area of the one shown in the chart.

....very good Chaki!

[habanohal]

When the F#ck am I going to be bailed out?? The mother cking compinies with CEO sthat make millions get money, but what about us working people who cant even afford necesities?

Why should the American people even pay their bills or debt? I am actually thinking of telling all creditors to F ### Off!! call the Goverment for the money. They can bail me out!!!!!!!!!!!!!!!

[El Presidente]

When the F#ck am I going to be bailed out?? The mother cking compinies with CEO sthat make millions get money, but what about us working people who cant even afford necesities?

Why should the American people even pay their bills or debt? I am actually thinking of telling all creditors to F ### Off!! call the Goverment for the money. They can bail me out!!!!!!!!!!!!!!!

Amen brother. It is sickening.

The only market rallies are on the back of "Bailout Bubbles" WTF?

Roll up roll up! Money on the never never! ....but only if you have screwed up really realy big!

Try explaining the current malaise to your kids. I can't explain it to mine. Up until now they have been taught that you reap what you sow, that you are responsible for your actions.

[mkz]

When the F#ck am I going to be bailed out?? The mother cking compinies with CEO sthat make millions get money, but what about us working people who cant even afford necesities?

Why should the American people even pay their bills or debt? I am actually thinking of telling all creditors to F ### Off!! call the Goverment for the money. They can bail me out!!!!!!!!!!!!!!!

It is indeed a disturbed world we are living in.

And now its time to help the car-industry too, cause they are making cars that no one wants to buy.

[bolivr]

I like the bitter irony of these companies seeking tax-payers' money when for every previous year at every opportunity they sought to minimise the tax they paid......

[Colt45]

I'm with most about being very leery of all the proposed "bailouts", especially since my money will be used and it's highly

unlikely I'll be seeing a dividend check any time soon.

But, during these tough economic times, I'm wondering how many of us will be willing to go without non-essentials like

cable tv, cell phones, cigars (sorry RA), wine/booze (sorry Colt45), eating out, etc.....

[El Presidente]

I'm with most about being very leery of all the proposed "bailouts", especially since my money will be used and it's highly

unlikely I'll be seeing a dividend check any time soon.

But, during these tough economic times, I'm wondering how many of us will be willing to go without non-essentials like

cable tv, cell phones, cigars (sorry RA), wine/booze (sorry Colt45), eating out, etc.....

Colt, the point is that if we screwed up or even if we didn't but times are tough...we would all cut back. It is taking personal responsibility. If our businesses fail then we pay out what we can and we fold to hopefully start again. It is the way it has always been.

I can't fathom a world where you fail and get money for doing so.

[Colt45]

Colt, the point is that if we screwed up or even if we didn't but times are tough...we would all cut back. It is taking personal responsibility. If our businesses fail then we pay out what we can and we fold to hopefully start again. It is the way it has always been.

I can't fathom a world where you fail and get money for doing so.

Of course - I've stated in another thread that I think the bailouts are pure, unadulterated, still steaming bullshit.

(I think I may have used less unsavory terminology).

You can pretty much bet that if there are not tough restrictions on these handouts, that it will just happen again.

The plain truth is that when money is involved, many people, unfortunately, will look for a way to get something for nothing.

It has been said that humans are inherently good, but personally, I feel that humans as a species are, at their core,

inherently evil, and are the foulest of all beasts - there are far too many of us on the planet.

But that is a topic for another day.

[El Presidente]

It has been said that humans are inherently good, but personally, I feel that humans as a species are, at their core,

inherently evil, and are the foulest of all beasts - there are far too many of us on the planet.

But that is a topic for another day.

Thanks for the pep talk

[JMH]

Found this, didn't bother checking the numbers though

[Don Candido]

Found this, didn't bother checking the numbers though

I do not think the Bailout(s) are anywhere near the amount from the chart of us$4.6 Trillion.

[JMH]

Lucky i put that disclaimer in then I went to the website listed in the bottom right corner of the image which cites an article from 'boingboing.net' (never heard to them) as the source but that article doesn't actually give the source data.

[cabaiguan juan]

Not to sound too trivial, but who in their right mind takes a private jet when going to ask for money? I understand you dont want to go to the governemnt and ask for money in jeans and a t-shirt, but at the same time, atleast take a commercial jet. I'm talking about the automotive industry for everyone who was wondering.

[Fatshotbud]

Not to sound too trivial, but who in their right mind takes a private jet when going to ask for money? I understand you dont want to go to the governemnt and ask for money in jeans and a t-shirt, but at the same time, atleast take a commercial jet. I'm talking about the automotive industry for everyone who was wondering.

Uh - was there a problem with their automobiles? Why not drive

[sepp]

Uh - was there a problem with their automobiles? Why not drive

Detroit to DC. How much would that cost in a Hummer? Even with lowered gas prices and I don't htink you would see them driving up in an economy car.

The whole thing is just out of balance!

[cvm4]

Uh - was there a problem with their automobiles? Why not drive

When you run a huge, multi-national corporation like GM/Ford, etc. then time IS money. They can do work on a private plane versus being interrupted on a commercial jet. It's just the way I see it. Sure, they could have driven from the airport to Congress.

[Fatshotbud]

It has been said that humans are inherently good, but personally, I feel that humans as a species are, at their core,

inherently evil, and are the foulest of all beasts - there are far too many of us on the planet.

But that is a topic for another day.

Someone please make sure Colt can't get his hands on any Weapons Of Mass Destruction.

........... Dr. Colt45 ...............

[FuglyE]

Of course the bailout was designed by those who used to be in the banking system, and are set to return in the next few years to the same. If there is no bailout, there is nothing for them to return to. Costs will be paid by additional federal regulation and privacy invasion of citizens of the affected countries...