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TMFEditorsDesk (< 20)

Vex in the Citi (we thought GE was Mr. Big)



July 02, 2009 – Comments (4) | RELATED TICKERS: C , GE

This story reminds me of Nouriel Roubini's quip about two drunks trying to hold each other up (in relation to the mergers of troubled banks):

The New York Post is reporting that Citigroup (NYSE: C) was in talks with General Electric (NYSE: GE) to sell (or partner) its credit card business but that those talks fell apart b/c of price.  Yet a few days ago, The Washington Post pointed out GE's massive use of government help without being subject to stress tests or limits on executive comp.

Of course, as fellow Fool Alex Dumortier points out, future government actions may not be quite as favorable to GE.

 -Anand (who owns shares of Citigroup)

4 Comments – Post Your Own

#1) On July 02, 2009 at 2:36 PM, QualityPicks (63.01) wrote:

Yeap, it is like the marriage of pneumonia and the flu.

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#2) On July 02, 2009 at 2:45 PM, TMFEditorsDesk (< 20) wrote:

ooh, that's a good one, QP!


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#3) On July 02, 2009 at 3:21 PM, TMFKopp (97.80) wrote:

This seems like a great idea because we definitely don't want large and unwieldy companies becoming larger and unwieldy-er...


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#4) On July 02, 2009 at 4:12 PM, leohaas (30.15) wrote:

Well, considering you read it in the NY Post, it MUST be true...

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