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Old 11-20-2008, 03:49 PM   #561
Claeren
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Join Date: Jul 2003
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Quote:
Originally Posted by Phanuthier View Post
This just coming down the wire:

http://www.reuters.com/article/funds...41089420081120

Why the hell is Citi bidding...?

I'm hoping JPM gets it cause, uh well, I own JPM stock.

It is the same bankrupt leadership that has led America down this path in the first place.

American CEO's can't have long term plans, they need to worry about day-to-day stock price. So while Japanese CEO's (or private company CEO's) have been busy building real value in their companies, American CEO's have been hollowing out everything they can and then leveraging the rest to buy up the competition, stifling any domestic economic innovation, and generally selling out their childrens future for todays gain.

CitiGroup can use government billions to buy up external assets to get the light off internal liabilities why exactly?

What a joke.



Claeren.

Last edited by Claeren; 11-20-2008 at 03:53 PM.
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