Sources with knowledge of the deal say government officials are now getting cold feet over the plan to buy the troubled assets from Citigroup.
The problem with buying the assets from Citi is political: people close to the deal know that other firms will line up and ask the government to purchase their troubled assets as well knowing that all brokerage stocks got crushed when treasury secretary hank paulson reversed his plan on the tarp to direct capital infusions to the banks and away from buying troubled assets.
And my favorite part, because I know he’s playing to us:
Bottom line: this is very fluid and the situation may change again, but as of now government getting cold feet on plan to buy troubled assets, which leaves direct capital infusion on the table.
wideclops
unintended consequences, much?
goddamn gov’t can’t seem to get out if it’s own way…
my prediction: something, something…wideclops…something, something
my tanning solution is liquid. what i gave to the wideclops chick (my wanna be wife…she is kinda cute) is liquid.
Cheers B1tches,
Tanned Banker
Wideclops!
Anyone who dares omit this word in future posts will suffer a fate worse than C.
What does Gasbag taunt us so?
c must merge with wideclops to survive
dealbreaker=shitty reports….
gasbags + melissa lee = sleeveless garbagul, Korean wideclops
@7- that you still read and comment on.
why bess is posting all the cnbc news now…so boring
@10- your ‘dealbreaker sucks’ shtick (comment #10, #7) is getting boring.
According to CNBC there’s a wealth of real estate available for $500-$1000. Looks like some pretty nice houses.
I’m just going to do that for money now on. Screw this.
@10,7 ha! busted.
13 here. forgot, “wideclops.”
I’ll offer $1 for any synthetic security.
See government, there are natural buyers for this slime.
Gasbag is putting the smack down on WSJ and NYT
@11 I am so in love with you
Gov’t bailout = bonuses are back, baby!
they should be nervous, these weekend deals haven’t worked out very well.
Problem with Vikram is that he is not a member of the tribe.
@18; not if you work in FICC they ain’t!
@7, 10 you suck, dealbreaker owns you. I am hoping Wideclops is on tonight. Update: the situation is still fluid.
- that guy from Goldman Sachs (a.k.a.: TGFGS)
@21
I work in Equities.
citi blows…. all their assets are shitty. see you fags in the unemployment line. real estate in tribeca is about to get real cheap.
@23 – This is no longer about saving your job. That’s long gone. This is about saving the U.S. economy, and perhaps even western civilization.
@23
I’m not worried about my job or Citi. It will all work itself out in the end and if the MDs want to pay themselves, the Directors and maybe the VPs will get something.
DickRam Bandit?
26, food stamps… thats about all the currency your MDs have left dude.
Ok, here’s the deal, Wachovia is buying Citi for 0.75 / share.
The press-release, for tomorrow states (in part)…
the merger will level-set the tablestakes and orchestrate both bank’s organic core competencies, while leveraging the strategic synergistics in a going-forward space.
That, of course, is the most important sentence of the memo.
@25
You should try harder, if you push the drama envelope just a little farther, you might have some good material for a Michael Crichton movie.
“Timmy, you can’t do it! You can’t save the Economy!!”
“If I don’t try, I don’t know who will. I’m the last, best hope.”
“God bless you Timmy, I’ll always love you. I’ll always… love. you.”
@28
I can tell you know very little about the comp process.
at 31…. i can tell i hit a nerve you soon to be unemployed sack of shit. have fun trying to find a job out there. and hey, happy bonus season girlfriend. when you run out of money i’ll lend you some cash,,, i’ll be fucking your girlfriend so come look for me there.
@32
What’s you phone #?
its 1-800- monster.com buddy…. you better get your resume uploaded, HAHAHAHAHAHAHAHAHAHAHA
@29 How dare you twist my carefully crafted words? I will not have bloggers like this clown (http://www.portfolio.com/views/blogs/market-movers/2008/08/25/when-vikram-met-jim) moking me!
-Vikram
where the fuck do all these haters come from?
Former bankers and traders who’ve been laid off, typing from their lairs?
what does moking mean?
isn’t citi the investment bank where you go lob your resume and line up a back up plan and if you can’t get a job at a real IB you just take the worthless offer at citi?
citi never sleeps right? well it looks like their tired ass is in for a long nap now. see ya pussies
@ Anal_yst — the pygmy natives are restless!
http://www.cnbc.com/id/27878049
Update from the Gasbag. Lots of feverishness and fluidity. I had that once, couldn’t get off the crapper for five hours.
If you give me 2/20, I will tell you how this plays out.
@35 – boring and non-humorous – let them take ownership of that crap
40-
Sam Israel already beat you to it.
-mrp
@33-
Give me a ring: 212-479-7990
-mrp
ahaha mr P you still have the NY rejection hotline, priceless
Anal_yst-
I still give that out here in Chi.. Since I moved, I just tell them I didn’t want to get my number changed.. The ones who have never been outside of the Midwest never seem to figure it out.. It’s quite hilarious.
@45 – You have a meeting with Wideclops on the 5th floor at 8:15. Don’t be late.
-mrp
wideclops sounds like a half breed
wideclops is Gasbag’s source.
Be on the look out for any Wideclops in the new Treas Dept.
MCC…does she have fripples tonight?
46-
Half cankle, half woman.
-mrp
Liza Minelli is a wideclops. I could never pin-point what I found so bizarre about the woman. Thank you The Knife and DB for inadvertently bringing the term to my attention.
@49
You win the prize for the best wideclop reference.
i am a little disappointed that you did not send minions of umpa lumpas to hang outside CC to either watch VP’s activities and have them TAR and/or look for the now infamouse wideclops.
Citi sleeps with the fishes tonight