14th Bank Failure Citi acquires Wachovia - GoFuckYourself.com

GetSCORECash · 09-29-2008, 05:30 AM

It's official Citi acquire Wachovia.

pornguy · 09-29-2008, 05:40 AM

Damn......

GetSCORECash · 09-29-2008, 05:44 AM

FDIC took it over, and gave it to Citi. This seams to be the way, going forward.

Wachovia won't be the last, and now it seams that the $700 Billion Bailout won't be enough.

Thurbs · 09-29-2008, 05:46 AM

well if Citi has the capital, better than a bail out? or am I mistaken?

Brujah · 09-29-2008, 05:58 AM

Citi was bailed out by Abu Dhabi recently weren't they?

GetSCORECash · 09-29-2008, 06:05 AM

Quote:

Originally Posted by Thurbs

well if Citi has the capital, better than a bail out? or am I mistaken?

It's a bail out! You now own Citi Stock, and you didn't have to buy it like I did.

Citigroup will absorb up to $42 billion of losses on Wachovia's $312 billion pool of loans ? but the Federal Deposit Insurance Corporation will absorb losses beyond that. In return, the banking giant has given the FDIC $12 billion in preferred stock and warrants as compensation.

So now every american owns Citi.

Bank of America, JPMorgan Chase and Citigroup would control more than 30 percent of the industry's deposits.

Bofa and Chase, are not owned by the FEDs.

Brujah · 09-29-2008, 06:07 AM

"The Abu Dhabi Investment Authority is now the single largest shareholder in Citigroup."

RedShoe · 09-29-2008, 06:09 AM

Jesus, seems like Wachovia came out of nowhere for us here in the Valley, and now they got taken over?

There was one that popped up on Riverside Dr. Like just 2 or 3 years ago. Never even heard of them until then.

Hank_Heartland · 09-29-2008, 07:01 AM

The shell game continues...soon there will only be three super hugh banks.

Way to pick up banks for nothing and screw the stockholders

They can't make business loans to companies and people with good credit but they can buy up failed banks

What's wrong with that picture

GetSCORECash · 09-29-2008, 07:02 AM

Quote:

Originally Posted by RedShoe

There was one that popped up on Riverside Dr. Like just 2 or 3 years ago. Never even heard of them until then.

They have alot of stores, similar to Wamu. The also did a lot of acquisitions to get as big as they are of regional banks.

09-29-2008, 05:30 AM	#1
GetSCORECash Confirmed User Industry Role: Join Date: Mar 2008 Location: Miami Posts: 5,527	14th Bank Failure Citi acquires Wachovia It's official Citi acquire Wachovia. __________________ \| skype: getscorecash \| ICQ: 59-271-063 \| New Sites: \| SCORELAND2 \| Roku Channel SCORETV.TV \| 60PLUSMILFS \| \| Big Tit Hooker \| Tits And Tugs \| Big Boobs POV \| Karla James \| \| Naughty Foot Jobs \| Linsey's World \| Busty Arianna Sinn \| Get SCORE Cash \|

09-29-2008, 05:40 AM	#2
pornguy Too lazy to set a custom title Industry Role: Join Date: Mar 2003 Location: Homeless Posts: 62,911	Damn...... __________________ PornGuy skype me pornguy_epic AmateurDough The Hottes Shemales online! TChicks.com \| Angeles Cid \| Mariana Cordoba \| MAILERS WELCOME!

09-29-2008, 05:44 AM	#3
GetSCORECash Confirmed User Industry Role: Join Date: Mar 2008 Location: Miami Posts: 5,527	FDIC took it over, and gave it to Citi. This seams to be the way, going forward. Wachovia won't be the last, and now it seams that the $700 Billion Bailout won't be enough. __________________ \| skype: getscorecash \| ICQ: 59-271-063 \| New Sites: \| SCORELAND2 \| Roku Channel SCORETV.TV \| 60PLUSMILFS \| \| Big Tit Hooker \| Tits And Tugs \| Big Boobs POV \| Karla James \| \| Naughty Foot Jobs \| Linsey's World \| Busty Arianna Sinn \| Get SCORE Cash \|

09-29-2008, 05:58 AM	#5
Brujah Beer Money Baron Industry Role: Join Date: Jan 2001 Location: brujah / gmail Posts: 22,157	Citi was bailed out by Abu Dhabi recently weren't they? __________________ Free Premium Domain Lists and Tools at Clickmojo.com For Sale: Obscenity.com

09-29-2008, 06:07 AM	#7
Brujah Beer Money Baron Industry Role: Join Date: Jan 2001 Location: brujah / gmail Posts: 22,157	"The Abu Dhabi Investment Authority is now the single largest shareholder in Citigroup." __________________ Free Premium Domain Lists and Tools at Clickmojo.com For Sale: Obscenity.com

09-29-2008, 05:46 AM	#4
Thurbs The Thrilla in Manila Join Date: Sep 2004 Location: Thurbs' Lagoon, Christmas Island Posts: 4,785	well if Citi has the capital, better than a bail out? or am I mistaken?

09-29-2008, 06:09 AM	#8
RedShoe 赤い靴 call me 202-456-1111 Industry Role: Join Date: Feb 2001 Location: The Valley Posts: 14,831	Jesus, seems like Wachovia came out of nowhere for us here in the Valley, and now they got taken over? There was one that popped up on Riverside Dr. Like just 2 or 3 years ago. Never even heard of them until then. __________________ SPECIALTY COSTUMES • PROPS • FX Superheroes • Monsters • Robots PM for details For any manufacturing needs. Adult or otherwise. aka BonsHigh on Insta Bonsai weed plants

09-29-2008, 07:01 AM	#9
Hank_Heartland Confirmed User Industry Role: Join Date: Sep 2002 Location: chicago, il Posts: 3,987	The shell game continues...soon there will only be three super hugh banks. Way to pick up banks for nothing and screw the stockholders They can't make business loans to companies and people with good credit but they can buy up failed banks What's wrong with that picture __________________ Icq = 459565429 AIM = butlerhankb http://stripperpins.com Twitter = @stripperpins Facebook = Stripperpins.com [email protected]