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Smart, Dumb, and Lucky.



November 24, 2008 – Comments (2) | RELATED TICKERS: C

According to CAPS players (Smart?), an investment in 2 star Citibank would be dumb (Dumb?), and you would have to be lucky (Lucky) to realize a positive return.

If you are born a Saudi Oil Prince (Lucky?), and announced a 200bil investment in Citibank last thursday (Dumb?), did you know something (Smart?) that I didn't?


Who is pleased as piss that his federal gov't has decided to remove the risk taken by one of the worlds wealthiest investors on his Citibank investment and laughs, ha ha ha ha, when conservatives speak of "redistribution of wealth" as though the poor might be gaining something.

And for the record, I only greenthumbed C in CAPS because one of my favorites who has timed this crap pretty well did, and I swear I have never accepted so much as a lunch, dinner or reach-around from Hank Paulson. Unlike the good Prince Alwaleed, who was just delivered a very nice gift.

2 Comments – Post Your Own

#1) On November 24, 2008 at 6:45 PM, johnw106 (< 20) wrote:

I can see why they want to keep the banking system intact.

But at the same time I wonder. How can the system reform and weed out the failures and miscreants if we keep it propped up?
It will be the same incompetent people making the same shady and possibly illegal deals with the same indecirpherable paper work to hide their deeds. I just do not understand the thinking.

Yes it may have been painful to let these monstrositys like Citi and BaC  go under. But would it not be of benefit in the long run to flush out all the crap and clean out the sewer?

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#2) On November 24, 2008 at 9:30 PM, devoish (70.13) wrote:

I can see why they want to keep the banking system intact.

For the stealing?

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