http://dealbreaker.com/2008/11/citi-possibly-to-receive-government-injection/ Wall Street Insider – Financial News, Headlines, Commentary and Analysis - Hedge Funds, Private Equity, Banks Fri, 10 Feb 2012 19:35:33 +0000 hourly 1 http://wordpress.org/?v=3.0.5 http://dealbreaker.com/2008/11/citi-possibly-to-receive-government-injection/comment-page-1/#comment-146027 guest Sun, 23 Nov 2008 23:00:45 +0000 http://wp.dealbreaker.com/2008/11/citi-possibly-to-receive-government-injection/#comment-146027 I just injected genetic capital into your moms. I just injected genetic capital into your moms.

]]> http://dealbreaker.com/2008/11/citi-possibly-to-receive-government-injection/comment-page-1/#comment-146026 guest Sun, 23 Nov 2008 22:16:24 +0000 http://wp.dealbreaker.com/2008/11/citi-possibly-to-receive-government-injection/#comment-146026 vik is stepping down. Wideclops appointed CEO. Bess will head investor relations and will naked mudwrestle with Meredith Whitney. vik is stepping down. Wideclops appointed CEO. Bess will head investor relations and will naked mudwrestle with Meredith Whitney.

]]> http://dealbreaker.com/2008/11/citi-possibly-to-receive-government-injection/comment-page-1/#comment-146025 guest Sun, 23 Nov 2008 21:43:59 +0000 http://wp.dealbreaker.com/2008/11/citi-possibly-to-receive-government-injection/#comment-146025 @22 - After 8 years, why start now? @22 – After 8 years, why start now?

]]> http://dealbreaker.com/2008/11/citi-possibly-to-receive-government-injection/comment-page-1/#comment-146024 guest Sun, 23 Nov 2008 21:41:04 +0000 http://wp.dealbreaker.com/2008/11/citi-possibly-to-receive-government-injection/#comment-146024 What's the dealio? What’s the dealio?

]]> http://dealbreaker.com/2008/11/citi-possibly-to-receive-government-injection/comment-page-1/#comment-146023 guest Sun, 23 Nov 2008 21:39:16 +0000 http://wp.dealbreaker.com/2008/11/citi-possibly-to-receive-government-injection/#comment-146023 It is probably a good thing that people in the White House don't know whats going on. It is probably a good thing that people in the White House don’t know whats going on.

]]> http://dealbreaker.com/2008/11/citi-possibly-to-receive-government-injection/comment-page-1/#comment-146022 guest Sun, 23 Nov 2008 21:38:05 +0000 http://wp.dealbreaker.com/2008/11/citi-possibly-to-receive-government-injection/#comment-146022 @19 No, Gasbag's story is still there. The Update is updated again to say: "Update: The government is looking to buy substantial amount of assets from Citi like a good bank, bad bank structure. The government will absorb much of the losses for Citi if there are losses and Citi would issue preferred stock to the government. The Feds could buy more than $100 billion in the bad assets if the plans go through. But that doesn't mean it will pay Citi $100 million. The deal is not finalized but could be announced tonight. Reports from Washington say the White House is unaware of any government talks with Citigroup. It also decline comment on whether President Bush would back a government rescue of Citigroup." (Bush left Peru today, plus he has no clue.) @19
No, Gasbag’s story is still there. The Update is updated again to say:
“Update: The government is looking to buy substantial amount of assets from Citi like a good bank, bad bank structure. The government will absorb much of the losses for Citi if there are losses and Citi would issue preferred stock to the government.
The Feds could buy more than $100 billion in the bad assets if the plans go through. But that doesn’t mean it will pay Citi $100 million. The deal is not finalized but could be announced tonight. Reports from Washington say the White House is unaware of any government talks with Citigroup. It also decline comment on whether President Bush would back a government rescue of Citigroup.”
(Bush left Peru today, plus he has no clue.)

]]> http://dealbreaker.com/2008/11/citi-possibly-to-receive-government-injection/comment-page-1/#comment-146021 guest Sun, 23 Nov 2008 21:27:36 +0000 http://wp.dealbreaker.com/2008/11/citi-possibly-to-receive-government-injection/#comment-146021 The FT is not so specific as Gasbag. "Citigroup’s board was on Sunday locked in crisis talks debating the future of the bank and its top management, as hopes faded it could ride out the relentless pressure on its share price without a bold announcement before trading opens on Monday." ... "According to one person consulted on the bank’s plans, Citi’s main move could be to create a “bad bank” along the lines used by UBS last month." I can only say that the discussions are on-going and more intense today than yesterday. The FT is not so specific as Gasbag.
“Citigroup’s board was on Sunday locked in crisis talks debating the future of the bank and its top management, as hopes faded it could ride out the relentless pressure on its share price without a bold announcement before trading opens on Monday.”
…
“According to one person consulted on the bank’s plans, Citi’s main move could be to create a “bad bank” along the lines used by UBS last month.”
I can only say that the discussions are on-going and more intense today than yesterday.

]]> http://dealbreaker.com/2008/11/citi-possibly-to-receive-government-injection/comment-page-1/#comment-146020 guest Sun, 23 Nov 2008 21:23:43 +0000 http://wp.dealbreaker.com/2008/11/citi-possibly-to-receive-government-injection/#comment-146020 @17 - Don't know, but the Gasbag story mentioned by @18 has now been removed from CNBC.com front page, and will probably soon disappear from their search index. Some wacky shit going down... @17 – Don’t know, but the Gasbag story mentioned by @18 has now been removed from CNBC.com front page, and will probably soon disappear from their search index.
Some wacky shit going down…

]]> http://dealbreaker.com/2008/11/citi-possibly-to-receive-government-injection/comment-page-1/#comment-146019 guest Sun, 23 Nov 2008 21:20:42 +0000 http://wp.dealbreaker.com/2008/11/citi-possibly-to-receive-government-injection/#comment-146019 <a href="http://www.cnbc.com/id/27873985" rel="nofollow">http://www.cnbc.com/id/27873985</a> Gasbag now says Feds may buy $100 Billion of toxic assets from Citi. http://www.cnbc.com/id/27873985
Gasbag now says Feds may buy $100 Billion of toxic assets from Citi.

]]> http://dealbreaker.com/2008/11/citi-possibly-to-receive-government-injection/comment-page-1/#comment-146018 guest Sun, 23 Nov 2008 21:17:39 +0000 http://wp.dealbreaker.com/2008/11/citi-possibly-to-receive-government-injection/#comment-146018 @14 So Gasbag is making this up? Now he says expect Gov to buy $100 billion of toxic assets from C. "The government is looking to buy substantial amount of assets from Citi like a good bank, bad bank structure. The government will absorb much of the losses for Citi if there are losses and Citi would issue preferred stock to the government. The Feds could buy more than $100 billion in the bad assets if the plans go through. But that doesn't mean it will pay Citi $100 million. The deal is not finalized but could be announced tonight." @14
So Gasbag is making this up?
Now he says expect Gov to buy $100 billion of toxic assets from C.
“The government is looking to buy substantial amount of assets from Citi like a good bank, bad bank structure. The government will absorb much of the losses for Citi if there are losses and Citi would issue preferred stock to the government.
The Feds could buy more than $100 billion in the bad assets if the plans go through. But that doesn’t mean it will pay Citi $100 million. The deal is not finalized but could be announced tonight.”

]]> http://dealbreaker.com/2008/11/citi-possibly-to-receive-government-injection/comment-page-1/#comment-146017 guest Sun, 23 Nov 2008 21:15:48 +0000 http://wp.dealbreaker.com/2008/11/citi-possibly-to-receive-government-injection/#comment-146017 @9 what makes you think you understand what's on the balance sheet of citi or any bank using a gigantic arbitrage model? Most people don't realize that freddie and fannie would never run out of capital if people looked the other way. last time i checked they get 25 days worth of interest on payments and prepayments. @9 what makes you think you understand what’s on the balance sheet of citi or any bank using a gigantic arbitrage model?
Most people don’t realize that freddie and fannie would never run out of capital if people looked the other way. last time i checked they get 25 days worth of interest on payments and prepayments.

]]> http://dealbreaker.com/2008/11/citi-possibly-to-receive-government-injection/comment-page-1/#comment-146016 guest Sun, 23 Nov 2008 21:13:57 +0000 http://wp.dealbreaker.com/2008/11/citi-possibly-to-receive-government-injection/#comment-146016 Somali pirates reported to inject capital into citi. Somali pirates reported to inject capital into citi.

]]> http://dealbreaker.com/2008/11/citi-possibly-to-receive-government-injection/comment-page-1/#comment-146015 guest Sun, 23 Nov 2008 21:03:07 +0000 http://wp.dealbreaker.com/2008/11/citi-possibly-to-receive-government-injection/#comment-146015 This just in on the Reuters newswire... <a href="http://uk.reuters.com/article/businessNews/idUKTRE4AM2CH20081123" rel="nofollow">http://uk.reuters.com/article/businessNews/idUKTRE4AM2CH20081123</a> Reuters - White House says unaware of any Citigroup rescue talks White House spokeswoman Dana Perino said on Sunday she knew of no talks going on between banking giant Citigroup and the federal government for financial aid... This just in on the Reuters newswire…
http://uk.reuters.com/article/businessNews/idUKTRE4AM2CH20081123
Reuters – White House says unaware of any Citigroup rescue talks
White House spokeswoman Dana Perino said on Sunday she knew of no talks going on between banking giant Citigroup and the federal government for financial aid…

]]> http://dealbreaker.com/2008/11/citi-possibly-to-receive-government-injection/comment-page-1/#comment-146014 guest Sun, 23 Nov 2008 20:47:25 +0000 http://wp.dealbreaker.com/2008/11/citi-possibly-to-receive-government-injection/#comment-146014 I gave Bess an injection last night if you know what I mean. I gave Bess an injection last night if you know what I mean.

]]> http://dealbreaker.com/2008/11/citi-possibly-to-receive-government-injection/comment-page-1/#comment-146013 guest Sun, 23 Nov 2008 20:45:24 +0000 http://wp.dealbreaker.com/2008/11/citi-possibly-to-receive-government-injection/#comment-146013 @5 is that all you got? nice. @5
is that all you got? nice.

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