Quote:
Originally Posted by Cowboy89
That news is a lot more important than people think. Citibank used to be the world's largest bank and as such is a major counterparty in a huge percentage of world financial transactions. They are the real posterchild of an entity that is 'too big to fail.' Any positive news from them should improve the markets.
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Cowboy maybe you can answer this for me, but is the reason the feds are going to keep AIG and Citi alive (no matter what) because if either fail, the US economy will be bombed to the stone age? You had mentioned Citi (which I had agree) but if fully dies, it would trigger a ripple in many of the institutions (JPM? Wells Fargo? BoA? GE?) that insure investment? That, in turn, would kill the credit for companies that depend on credit to run operations? (i.e. every company out there)