Quote:
Originally Posted by Edward64
What do you guys think about Citigroup now that (I assume) everything has come out? The chances for nationalization is much less with the big upfront investment?
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Frankly, I'm pissed since if we were going to invest that much in them, it should be a 51% stake and clean house. This was a stupid move- but this probably should be in a POL thread.
That said, it does decrease the short term chance of them being nationalized significantly so the door is probably open for some short term gains if any are to be had. However, their balance sheets are a mess so it's not that hard to see situation where they are still nationalized 6 months down the road because their situation continues to deteriorate.
SI