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View Full Version : Market rumours - Citibank going belly-up?



David Guyatt
11-21-2008, 04:28 PM
The whisper is that Citibank is in deep, deep do-do trouble and may ned to be rescued. If the Street whisper is true then all hell will break loose.

Mark Stapleton
11-21-2008, 06:40 PM
I believe you're right, David.

As you say, all hell will break loose. They've been mentioning on the media that one option is for Citibank to sell off parcels of their business. I think they plan to shed 20% of their staff, should they remain a going concern.

Some think America is now in freefall, and it's hard to argue against it:

http://www.alternet.org/workplace/107997/america_in_free_fall/

Charles Drago
11-21-2008, 09:55 PM
A well-connected contact of mine reported today that Citibank will, in great measure, be sold.

He's been right so far.

Peter Lemkin
11-22-2008, 08:12 AM
A well-connected contact of mine reported today that Citibank will, in great measure, be sold.

He's been right so far.

We will shortly be left with one bank; one MSM Corp.; one arms manufacturer; one of everthing - when they all merge we'll have Big Brother - they allready have the screens in every household and can listen in on our phones etc. [even when they are off, by the way]. Brave New World.....coming to a reality near you soon - all too soon.