Posts Tagged ‘preferred stock’

Citi Gets Nationalized; Don’t Call It Nationalization

Friday, February 27, 2009 8:28 2 Comments

Bailout #3 for Citigroup
The Government has reached a deal to buy 36% of Citigroup’s common stock. The United States will now be the largest shareholder of the troubled bank (But don’t call it nationalization). Citigroup announced another huge quarterly loss. The firm lost $10 billion in the 4th quarter of 2008 and has suspended dividend [...]

This was posted under category: Bailout, C, Special Reports Tags: , , , , , , ,

What’s Ken Lewis Whining About?

Saturday, February 21, 2009 13:50 6 Comments

Amid growing rumors of bank nationalization, which the WSJ and Dow Jones attribute to ChartingStocks.net, the great wealth destroying CEO of Bank of America felt obliged to give an emergency interview  yesterday to play down talks of government takeover.
“When you talk about nationalization of Bank of America, it becomes absurd. What it appears to [...]

This was posted under category: BAC, Bailout, Special Reports Tags: , , , , , , , , , , , , , , ,
Legal Disclaimer All stock price information provided by Charting Stocks is for informational purposes only and is not intended for trading purposes. Neither Charting Stocks nor its affiliates guarantee the accuracy, completeness, or sequence of any stock price information or other data displayed or in the transmission of any stocks price information or data. The stock price information is not to be relied upon for trading, business or financial purposes and Charting Stocks and its service providers are not liable or responsible in any way for any damages, losses or costs arising from the reliance of this information or incurred as a result of the non performance, interruption or termination for any reason whatsoever of the stock price information provided. It is urged that you consult with your financial professional before making any decisions related to buying or selling securities.