Comments on: Citi: looking for as much as a 40% stake from the government http://www.creditwritedowns.com/2009/02/citi-looking-for-as-much-as-a-40-stake-from-the-government.html Finance, Economics and Markets Fri, 10 Feb 2012 00:37:00 +0000 hourly 1 By: ALAN http://www.creditwritedowns.com/2009/02/citi-looking-for-as-much-as-a-40-stake-from-the-government.html#comment-4067 ALAN Mon, 23 Feb 2009 07:30:17 +0000 http://www.creditwritedowns.com/?p=6303#comment-4067 I OWE CTI $15,000 AND MY CONTRACT IS WITH THEM- IF THE FED TAKES OVER I WON'T BE OBLIGATED TO PAY THE BALANCE AS MY CONTRACT WITH CTI WILL BE VOID BRING IT ON I OWE CTI $15,000 AND MY CONTRACT IS WITH THEM- IF THE FED TAKES OVER I WON’T BE OBLIGATED TO PAY THE BALANCE AS MY CONTRACT WITH CTI WILL BE VOID
BRING IT ON

]]> By: Basel Too http://www.creditwritedowns.com/2009/02/citi-looking-for-as-much-as-a-40-stake-from-the-government.html#comment-4061 Basel Too Mon, 23 Feb 2009 04:39:07 +0000 http://www.creditwritedowns.com/?p=6303#comment-4061 I appreciate your work, but you are clearly erroneous on two points. <i>this will mean massive dilution for shareholders</i> If the market is pricing C for insolvency, then a conversion from preferred to common will actually help common, since it's a move down the capital structure. Common is now on par with the US Government. <i>file for bankruptcy</i> Repeat after me: BANKS CAN NOT FILE FOR BANKRUPTCY! They are strictly excluded from the Bankruptcy Code. I appreciate your work, but you are clearly erroneous on two points.

this will mean massive dilution for shareholders
If the market is pricing C for insolvency, then a conversion from preferred to common will actually help common, since it’s a move down the capital structure. Common is now on par with the US Government.

file for bankruptcy
Repeat after me: BANKS CAN NOT FILE FOR BANKRUPTCY! They are strictly excluded from the Bankruptcy Code.

]]> By: Anonymous http://www.creditwritedowns.com/2009/02/citi-looking-for-as-much-as-a-40-stake-from-the-government.html#comment-4060 Anonymous Mon, 23 Feb 2009 04:26:38 +0000 http://www.creditwritedowns.com/?p=6303#comment-4060 "Note: this will mean massive dilution for shareholders, so it is unclear how the markets will react to the news." C up +39.5% in Japan. “Note: this will mean massive dilution for shareholders, so it is unclear how the markets will react to the news.”

C up +39.5% in Japan.

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