You never know, it might be a good thing. This way they can transfer ownership to Social Security administration and we can get what Bush wanted all along, our safety net in the hands of Wall Street. Because they’re so good a managing money!
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If a business is not working correctly, the system already has a [...]

There is an old feeble that we read to children in the hopes of teaching them a lesson about life; A little boy scrams out that he saw a wolf, just to get everyone’s attention. After doing it a few times, and having all the towns people come to his rescue the town’s people catch [...]

The era of the super financial has come to an end, at least for Citibank.
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Citigroup Inc will split into two companies. Citicorp and Citi Holdings, reverting back to running a banking business.
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“The new structure will have the bank operating without the burden of billions of dollars of toxic assets accumulated during the mortgage bubble [...]

Citigroup’s Smith Barney and Morgan Stanley’s Brokerage operation are close to deal. This move would create the largest retail brokerage company, surpassing that of Bank of American who became number one with mergers this year.
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As the financial crisis of 2008 continues into 2009, this transaction will be seen as a large step throws divesting [...]

The Saudi Prince has spoken, but it’s not enough to help Citigroup out of the downward plunge it is on.  Citibank opened 4% lower, but it got much worst as the day went one. Losing more then 26% to trade close the day at 4.71
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Breakdown: Citibank Losses

$20.3 billion in losses on declining mortgages and bad [...]

Many have argued against the passage of the government bailout bill, never the less it has passed in the US. House of Representatives today. House members are being quoted as saying, there is no liquidity in the market. This bill will help the banks get back to banking.

Most of the voices against the action [...]