Posted by guest , Nov 21, 2008 10:55AM

Suprise Buttseks... lol.

Posted by guest , Nov 21, 2008 10:55AM

classic, ep.

ep is kinda hot, no?

cheers.

-retail

Posted by guest , Nov 21, 2008 10:56AM

firstshamwowwideclopsmayo

Posted by guest , Nov 21, 2008 10:57AM

Brutal !!!!!

Posted by guest , Nov 21, 2008 10:57AM

@3
no

Posted by guest , Nov 21, 2008 10:58AM

better tm that shit

Posted by guest , Nov 21, 2008 10:59AM

Been home in hiding from my Citi masters the past few days - ostensibly to avoid the axe. Just discovered your great site. Thanks for giving me reason to smile during these grim times.

Posted by guest , Nov 21, 2008 11:00AM

I bet all that staying up at night is finally catching up to Citi. This is what happens when you never sleep.

8 hours a night - that's what my mother always told me.

Posted by guest , Nov 21, 2008 11:02AM

I still think Duane Reade makes more sense, but Circuit Citi would be a huge improvement in Citi's technology.

Posted by guest , Nov 21, 2008 11:04AM

Ha! That's great!

Posted by guest , Nov 21, 2008 11:04AM

i just JO&C to Nancy Pelosi

Posted by guest , Nov 21, 2008 11:06AM

i just JO&C ON Nancy Pelosi.

Posted by guest , Nov 21, 2008 11:07AM

Soylent green is people!

Posted by guest , Nov 21, 2008 11:08AM

@ 13

I'm jealous. I would like to donkey punch her

Posted by guest , Nov 21, 2008 11:08AM

Been home in hiding from my Citi masters the past few days - ostensibly to avoid the axe. Just discovered your great site. Thanks for giving me reason to smile during these grim times.

Posted by guest , Nov 21, 2008 11:08AM

@ 13

I'm jealous. I would like to donkey punch her

Posted by guest , Nov 21, 2008 11:11AM

I have over $250k in an account. What should I do?

Posted by guest , Nov 21, 2008 11:12AM

bess - please fix the server problems that cause all this multiple posts...

it's gone on long enough

Posted by guest , Nov 21, 2008 11:14AM

@19

What a pioneering comment there

Posted by guest , Nov 21, 2008 11:18AM

November 20 (Bloomberg) -- The Somali pirates, renegade Somalis known for hijacking ships for ransom in the Gulf of Aden, are negotiating a purchase of Citigroup.
The pirates would buy Citigroup with new debt and their existing cash stockpiles, earned most recently from hijacking numerous ships, including most recently a $200 million Saudi Arabian oil tanker.
The Somali pirates are offering up to $0.10 per share for Citigroup, pirate spokesman Sugule Ali said earlier today. The negotiations have entered the final stage, Ali said. ``You may not like our price, but we are not in the business of paying for things. Be happy we are in the mood to offer the shareholders anything," said Ali.
The pirates will finance part of the purchase by selling new Pirate Ransom Backed Securities.
The PRBS's are backed by the cash flows from future ransom payments from hijackings in the Gulf of Aden. Moody's and S&P have already issued their top investment grade ratings for the PRBS's.
Head pirate, Ubu Kalid Shandu, said "we need a bank so that we have a place to keep all of our ransom money.
Thankfully, the dislocations in the capital markets has allowed us to purchase Citigroup at an attractive valuation and to take advantage of TARP capital to grow the business even faster."
Shandu added, "We don't call ourselves pirates. We are coastguards and this will just allow us to guard our coasts better."

Posted by guest , Nov 21, 2008 11:20AM

Because of its solid-gold credit rating, Berkshire Hathaway was not required to put up collateral to make this trade. But now rumors are flying on Wall Street that the owners of the contracts have demanded that broker Goldman Sachs put up collateral for the rest of the amount due. Since the value of the trade could be enormous, the collateral demands are said to be very large, and fears that Goldman will struggle to make good on its obligation has panicked shareholders.

Indeed one theory making the rounds this week is that Buffett put $5 billion into Goldman at around $125 per share in September not as an investment but to help provide funds for the collateral.

Posted by guest , Nov 21, 2008 11:25AM

@19, it's called PIBCAC - Problem Is Between Computer and Chair.

The post comment button isn't a whack-a-mole pop up ad.

Posted by guest , Nov 21, 2008 11:27AM

@23 those were pretty freaking generous terms GS gave if it was money intended to post collateral to cover a Berkshire position.

If Berkshire is ultimately liable on these contracts, why would Goldman have to post any collateral at all? Was Goldman a broker or intermediary?

And Buffett's investment was in preferred shares, not common. The mark down on his preferreds should not be that bad, particularly if they are pari passu with the government's preferreds.

Posted by guest , Nov 21, 2008 11:28AM

okay thats enough now 22

Posted by guest , Nov 21, 2008 11:28AM

@23 those were pretty freaking generous terms GS gave if it was money intended to post collateral to cover a Berkshire position.

If Berkshire is ultimately liable on these contracts, why would Goldman have to post any collateral at all? Was Goldman a broker or intermediary?

And Buffett's investment was in preferred shares, not common. The mark down on his preferreds should not be that bad, particularly if they are pari passu with the government's preferreds.

Posted by guest , Nov 21, 2008 11:29AM

CNBC reporting from in front of Citi HQ = kiss of death. "C" ya! Oh I slay me.

Should be a fun weekend all

Posted by guest , Nov 21, 2008 11:30AM

I sat in a meeting at Citi 13 mths ago in which the suit asked for suggestions in regards to improving operations. A number of years prior I moved to Citi from a small extremely well run firm. "A top notch place."

I suggested to the suit they do something done at the other smaller firm that had worked quite well. It was a very "nonsuit, nonCiti" type of suggestion but it was given with sincerity. The jackass says to me, '"XXX" firm that you worked at will cease to exist in max. five years,' and then he brushed off my suggestion.

That jackass has now been demoted and his piece of crap firm is about to tank
and his stock is down 95% while the little firm that I am back at chugs on with nice revenue and profit growth. Everyone here is in the trenches together including the top brass. No jets, no bull shit no needless layers and layers of over paid suits. It's tough but we are surviving and to you Citibank, we will be here five years from now. YOU WONT

Posted by guest , Nov 21, 2008 11:32AM

I sat in a meeting at Citi 13 mths ago in which the suit asked for suggestions in regards to improving operations. A number of years prior I moved to Citi from a small extremely well run firm. "A top notch place."

I suggested to the suit they do something done at the other smaller firm that had worked quite well. It was a very "nonsuit, nonCiti" type of suggestion but it was given with sincerity. The jackass says to me, '"XXX" firm that you worked at will cease to exist in max. five years,' and then he brushed off my suggestion.

That jackass has now been demoted and his piece of crap firm is about to tank
and his stock is down 95% while the little firm that I am back at chugs on with nice revenue and profit growth. Everyone here is in the trenches together including the top brass. No jets, no bull shit no needless layers and layers of over paid suits. It's tough but we are surviving and to you Citibank, we will be here five years from now. YOU WONT

Posted by guest , Nov 21, 2008 11:35AM

marketwarnings.com has just warned in real-time. The stock market bottom has come. Day is nov 21, 2008, time is 11:07AM. Event is the stock market bottom. A day and time that will stay in history of stock market for a long time. Do not later tell yor were not informed. And remember the state of your current mind (if you are reading this on November 21 AM), which is likely telling you something like "this is another piece of worthless thin"g. Fine to think that now. But keep it in mind in the days, and weeks of the future.

Real-time bottom call details are below (11:07AM, November 21, 2008). The bottom!

http://www.marketwarnings.com/2008/11/dow-spx-stock-market-bottom-november-21.html

Posted by guest , Nov 21, 2008 11:37AM

OMG! No Sleeves has spittle!!

Posted by guest , Nov 21, 2008 11:37AM

US T's vs US Corp... http://4.bp.blogspot.com/_H2DePAZe2gA/SSTU9I9JsZI/AAAAAAAAGc4/Urxv9m2cZ6o/s1600-h/Long_Credit.png

Posted by guest , Nov 21, 2008 11:38AM

@31, fuck off. you posted the same shit yesterday at 7700.

Posted by guest , Nov 21, 2008 11:41AM

Short-Circuit Citi

Posted by guest , Nov 21, 2008 11:44AM

@31, just like every end is a new beginning every bottom is a new a top.

Posted by guest , Nov 21, 2008 11:44AM

CNBC talking heads and Gasbag start arguing about banks and financial stocks and GS drops $1.30/shr. They go to break and GS goes up $1.20/shr. All in 5 min. Bastards.

Posted by guest , Nov 21, 2008 11:54AM

@ 35

can Vikram play Johnny #5?

Posted by guest , Nov 21, 2008 11:57AM

Sachs and the Citi... still the best. Not mine... saw it in another thread.

Posted by guest , Nov 21, 2008 11:59AM

Why does CNBC even let Gasbag on the air? He so clearly has a substance abuse problem and talks like a moron every time he's on. The network has stepped it up so well lately but Gasbag is a total wonder.

Posted by guest , Nov 21, 2008 12:23PM

29: I just had a total flashback with the Vikster as that evil priest in "Indiana Jones and the Temple of Doom," looking at Hammerin' Hank holding a handful of Citi shares and screaming, "Drop them, Dr. Paulson! They will be found! YOU WON'T!"

That was freaky.

Posted by guest , Nov 21, 2008 1:47PM

I never liked that huge monolith with the slanted roof. It didn't fit in, too big.

However, I'll always like Citi, because they were the first to have the ATM bank machines in New York.

So it goes bankrupt. Airlines have also 30 years ago, and their doors are still open.

Posted by guest , Nov 21, 2008 1:57PM

Antoine Rolland and ASDI's New Alpha might want to publish results to showing the dogs. Non-transparency is not the way to go, esp if it obscures from investors some of the crap that is being held

Posted by guest , Nov 21, 2008 3:13PM

@21 - Goddamn you, you made my tea come out my nose onto my keyboard.

But I'm in for $200m. Wire funds to your Nigerian account?

Posted by guest , Nov 21, 2008 9:31PM

http://www.circuit-citi.co.uk/

Posted by guest , Nov 22, 2008 4:40AM

Now that dust has settled, re-read the post below. it was INDEED the bottom! Naysayers lost an apportunity to make 10% in less than 5 hours

"
marketwarnings.com has just warned in real-time. The stock market bottom has come. Day is nov 21, 2008, time is 11:07AM. Event is the stock market bottom. A day and time that will stay in history of stock market for a long time. Do not later tell yor were not informed. And remember the state of your current mind (if you are reading this on November 21 AM), which is likely telling you something like "this is another piece of worthless thin"g. Fine to think that now. But keep it in mind in the days, and weeks of the future.

Real-time bottom call details are below (11:07AM, November 21, 2008). The bottom!

Posted by guest , Nov 22, 2008 4:42AM

Now that dust has settled, re-read the post below. it was INDEED the bottom! Naysayers lost an apportunity to make 10% in less than 5 hours

"
marketwarnings.com has just warned in real-time. The stock market bottom has come. Day is nov 21, 2008, time is 11:07AM. Event is the stock market bottom. A day and time that will stay in history of stock market for a long time. Do not later tell yor were not informed. And remember the state of your current mind (if you are reading this on November 21 AM), which is likely telling you something like "this is another piece of worthless thin"g. Fine to think that now. But keep it in mind in the days, and weeks of the future.

Real-time bottom call details are below (11:07AM, November 21, 2008). The bottom!

http://www.marketwarnings.com/2008/11/dow-spx-stock-market-bottom-november-21.html