Off-Topic: another sad post by GF

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	Name:	water_watcher -
	Subject:	another sad post by GF
	Date:	4/21/2010 1:28:21 PM

Now you are very good at going back and searching old posts .... I always thought TARP was necessary to prevent a financial collapse. I did not support Obama wanting to use TARP dollars for GM and another failed stimulus like it was a slush fund for him to spend anyway he wanted. It was always designed to be paid back and the money returned to the treasury so there was no impact to the tax payers.

As for Citi ... just "BING" it. I don't have time for your research. My $80 billion is way too high ... my error ... but if you recall the government converted all but $30 billion they gave to Citi in to common stock. They had to pay interest on the $30 billion when they paid it back, and the Feds have 1 year to sell their massive stake in Citi. When the stock was $3.50 a share, their profit was $8 billion (not $80 billion). Citi reported a .15 cent a share profit this quarter and is currently trading at $5 ... so the government is doing well. Actually so am I ... I took a gamble on Citi when it fell to $2 a share and am still holding on tight. I think it could easily double from here over the next 12 months with the easy money holding down interest rates.

Other messages in this thread:

View Entire Thread

Anyone feel sorry for Goldman Sachs? - MartiniMan - 4/20/2010 12:45:32 PM

It's just grease on the skids. - Lifer - 4/20/2010 5:48:59 PM

It's just grease on the skids. - GoneFishin - 4/20/2010 6:31:52 PM

Your only paranoid because they are out to get you - MartiniMan - 4/20/2010 7:35:05 PM

Another fact GF won't like.... - rude evin - 4/20/2010 10:02:04 PM

another sad post by GF - water_watcher - 4/21/2010 6:56:05 AM

another sad post by GF - MartiniMan - 4/21/2010 9:27:47 AM

another sad post by GF - GoneFishin - 4/21/2010 9:56:29 AM

another sad post by GF - water_watcher - 4/21/2010 1:28:21 PM

another sad post by GF - GoneFishin - 4/21/2010 9:53:09 PM

another sad post by GF - water_watcher - 4/22/2010 7:29:54 AM

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