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U.S. to Take Big Citi Stake and Overhaul the Board [Nationalized!]
The Wall Street Journal ^
| 2009-02-27
Posted on 02/27/2009 5:43:05 AM PST by rabscuttle385
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Citi (NYSE:C) down almost one-third in pre-market trading.
To: rabscuttle385
Additionally, the government is demanding that the company overhaul its board of directors. Citigroup's board will soon include a majority of new independent directors, the company said Friday. People scoffed when I said that this would be one of the government's objectives. I think they will also start replacing executives with their hand-picked personnel, too. This is nothing but expropriation under a different name - or, as Barry is fond of doing things, without naming it at all.
2
posted on
02/27/2009 5:44:57 AM PST
by
livius
To: rabscuttle385
3
posted on
02/27/2009 5:45:29 AM PST
by
Travis McGee
(www.EnemiesForeignAndDomestic.com)
To: rabscuttle385
Whoa — Futures down 150 on obamanomics and nationalization of Citi. Shareholders = big losers.
4
posted on
02/27/2009 5:46:26 AM PST
by
jersey117
To: PAR35; TigerLikesRooster; AndyJackson; Thane_Banquo; nicksaunt; MadLibDisease; happygrl; ...
*Ping!*
5
posted on
02/27/2009 5:46:51 AM PST
by
rabscuttle385
("If this be treason, then make the most of it!" —Patrick Henry)
|
The Money, Banking, and Financial Markets Ping List. "Money, not morality, is the principle commerce of civilized nations." Thomas Jefferson FR Keywords: moneylist, bankinglist, financelist Please tag all relevant threads with the aforementioned keywords. This can be a very high-volume ping list at times. Ping list jointly pinged by rabscuttle385 and TigerLikesRooster. To join the ping list: FReepmail rabscuttle385 with the subject line add moneylist. (Stop getting pings by sending the subject line drop moneylist.) |
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6
posted on
02/27/2009 5:47:02 AM PST
by
rabscuttle385
("If this be treason, then make the most of it!" —Patrick Henry)
To: rabscuttle385
The big O can put Barney Frank in as president of Citi’s board then everything will be just fine.
7
posted on
02/27/2009 5:48:23 AM PST
by
Shannon
To: PAR35; TigerLikesRooster; AndyJackson; Thane_Banquo; nicksaunt; MadLibDisease; happygrl; ...
Update 08:49 EST: Citi (NYSE:C) is down 1.06 to 1.40, down over 43 percent in pre-market, on the heels of the Citi-U.S. announcement.
8
posted on
02/27/2009 5:50:37 AM PST
by
rabscuttle385
("If this be treason, then make the most of it!" —Patrick Henry)
To: rabscuttle385
Typical Obama antics. Barry says he isn’t for nationalizing banks and makes sure the MSM says that.
Then he nationalizes a bank and changes the name to conversion, instead of nationalization.
He will do the same with the Fairness Doctrine, he says he opposes it, and that is what is reported. It will come back in bits and pieces and it will be under different names.
Obama is a 1st class liar.
9
posted on
02/27/2009 5:52:32 AM PST
by
dforest
To: indylindy
You’re right and the spooky thing is that the sheep are lapping it up. He makes Clinton look like a amateur.
10
posted on
02/27/2009 5:56:33 AM PST
by
Shannon
To: rabscuttle385
Maybe I should go watch “The Manchurian Candidate” again.
To: rabscuttle385
When the government sets the board of directors, that’s nationalized folks. Maybe they will put in a Fred Raines or a Jamie Gorelick type to solve the problems. They did such a fine job with Freddie and Fannie.
12
posted on
02/27/2009 5:58:24 AM PST
by
NonValueAdded
(May God save America from its government; this is no time for Obamateurs)
To: NonValueAdded
Add a few Acorn Members and we are in business.
To: NonValueAdded
Add a few Acorn Members and we are in business.
To: rabscuttle385
No surprise. CITI is one of the crookedest outfits that ever darkened America’s shores.
To: livius
Fascism
A system of government marked by centralization of authority under a dictator, stringent socioeconomic controls, suppression of the opposition through terror and censorship, and typically a policy of belligerent nationalism and racism.
A political philosophy or movement based on or advocating such a system of government.
Oppressive, dictatorial control.
[Italian fascismo, from fascio, group, from Late Latin fascium, from Latin fascis, bundle.]
16
posted on
02/27/2009 6:05:26 AM PST
by
silverleaf
(Freedom's just another word for "nothing left to lose")
To: scooby321
They will. Once the government starts replacing executives, you can bet it will be affirmative action all the way. Heck, the board will probably be ACORN members.
This is sort of like watching Hugo Chavez in English.
17
posted on
02/27/2009 6:06:23 AM PST
by
livius
To: rabscuttle385
Stick a fork in Citi. They are DONE.
18
posted on
02/27/2009 6:07:37 AM PST
by
2harddrive
(...House a TOTAL Loss.....)
To: rabscuttle385
Oh boy. Now government workers will have bankers hours!
19
posted on
02/27/2009 6:07:45 AM PST
by
b4its2late
(Ignorance allows liberalism to prosper.)
To: silverleaf
Rush said it yesterday: It wasn’t a budget, it was a coup.
Obama is pulling off the fastest transition to a totalitarian state ever known.
20
posted on
02/27/2009 6:08:05 AM PST
by
livius
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