Socialism here we come!
When banks go socialist...
Freepers, Please close your Citi acount if you have one. Cancel your Citi card if they have your credit card - it’s easy to get another card elsewhere. Please make sure that this bailout kills the company and that all bailouts kill the bailed company. It’s much cheaper for Citi to die than for democrats to have a case that bailouts work. It’s also a moral imperative that we maintain capitalism and private property, and bailouts are the opposite of respecting private property.
Just kill it already ! Doubling and tripling down on a losing investment is usually a losing strategy.
The market loves it. Citigroup (C) closed at 2.46 yesterday and is now trading at 1.18. The Socialists are destroying the economy on purpose to “remake” it in their image. This can not end well.