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The $41B Bomb Citi Doesn't Want You to Know About

You point out the problems at Citi in a topical way. Read Mish Shedlock's deeper analysis that questions Citi's solvency in the near term. Citi is dead money, and the poster child for bad investment banking. The best thing for the banking sector and our economy would be for Citi to fail and to free up the capital they hold frozen to better hands. Jason Brueschke should be the first one out the door, symbol of the abuse Citi continues to pour onto the market. There is a reason that Citi's investment bankers can't talk to sell side, unless staff attorneys are present. Spitzer should have indicated that an outside council must be present. After Jason, the rest of the staff at Citigraft. Too big to fail, or too big to pump and dump? Neither one.
Dec 03 00:32 am |Rating: 0 0 |Link to Comment |View article
Ben Stein Right on Bank Losses, For the Wrong Reasons

Ben is right you are wrong, mouthing the same old palliatives that the rest of the herd moos.
Nov 13 09:11 am |Rating: 0 0 |Link to Comment |View article

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Better Choices - Cramer's Lightning Round (10/15/08)

by SA Editor Rachael Granby

Stocks discussed in the lightning round session of Jim Cramers Mad Money TV program,
Wednesday, October 15.

Bullish Calls:

Continental Resources (CLR) -- "This is a remarkable decline. All of the high quality ones are down so much, I can't go against it. This is where you pull the trigger.
3M (MMM) -- The moment this stock starts yielding 5%, I'm a buyer. Until then, keep your powder dry.

Bearish Calls:

Computer Sciences (CSC) -- This is a company that was going to be bought, but they passed up the chance. Now I don't want to buy it."
Annaly Mortgage (NLY) -- I think this is a business model that needs to borrow money. Definitively do not buy."
Northrop Grumman (NOC) -- You can't own the defense stocks right now. If I had to own one, I'd look at Lockheed Martin (LMT) with its good dividend.
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calvino

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The $41B Bomb Citi Doesn't Want You to Know About

Ben Stein Right on Bank Losses, For the Wrong Reasons

calvino's Comments Stream Stats

Stock Market Opinion & Analysis