Posts Tagged ‘atm fee’
Citigroup Stock Costs Less Than Their ATM Fee
Friday, February 27, 2009 15:52 6 CommentsCiti Shares Drop Below Their $1.50 ATM Fee
Last week, we warned that Citigroup and Bank of America would most likely be taken over by the US government within 60 days. Our prediction proved to be optimistic by 58 days, in Citi’s case.
Last Friday, amid growing “rumors” and in an effort to calm investor fears, [...]
The Bank Swindle: Putting it in Perspective
Saturday, February 14, 2009 19:23 2 CommentsThe US government has given Citigroup $45 billion in direct cash injections while guaranteeing another $291 billion of the banks toxic (worthless) assets. Citi’s cost to the taxpayer now totals $336 billion.
Think you over paid? You did. The entire market capitalization of Citigroup is only $19 billion which means that anyone can buy the entire [...]





















