Posts Tagged ‘us government’
These 10 Banks Will Repay TARP
Tuesday, June 9, 2009 10:22 No CommentsThe US government issued approval for 10 of the nations largest banks to pay back the TARP money. The banks are:
Mainstream Media Bailout Bill Introduced
Friday, March 27, 2009 6:44 18 CommentsA few weeks ago, we speculated that a bailout for the mainstream media may be on the horizon and today we sadly report that the first mainstream media bailout bill has been introduced.
(Photo courtesy of DavidIcke.com)
Nationalized Citibank Pays $3.5 Million Bonus to Brokers
Monday, March 9, 2009 13:01 5 CommentsNationalized Citi disclosed that they spent about $3.5 million to provide rewards for top-performing advisers at its Smith Barney brokerage unit.
Smith Barney’s, the brokerage firm owned by Nationalized Citi, gave its top 500 stock brokers $3,000 debit cards, according to a by the New York Post. The next 500 brokers received cards for $2,000 [...]
Citigroup Stock Costs Less Than Their ATM Fee
Friday, February 27, 2009 15:52 7 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, [...]
Citi in Talks With Government
Sunday, February 22, 2009 21:54 1 CommentThe WSJ is reporting that the US government is in talks with Citigroup in a deal which would include the government buying a 40% stake in the troubled bank. ChartingStocks.net was the first to report that the government would be taking Citigroup and Bank of America over.
Financial Times said Citigroup is pressing the U.S. government [...]
US Triple-A Credit Rating at Risk – Moodys
Sunday, February 15, 2009 16:06 4 CommentsThe credit worthiness of the United States is deteriorating rapidly and may lead to a credit rating downgrade.
In our 2009 forecast, we mentioned that the United States may be downgraded this year. The trillions of dollars being pumped into a dying financial system will have its consequences. The treasury is expected to issue $2 trillion [...]
VIDEO: I.O.U.S.A Documentary
Sunday, February 15, 2009 12:34 1 CommentExcellent documentary on the debt that the US government has accumulated. The debt will be impossible to pay.
Forecast 2009: There Will Be Blood
Tuesday, February 3, 2009 21:00 49 Comments2009 will be a year of complete destruction for the US economy. 5 Million will lose their jobs. The Dow Jones Industrial average will break below 6,000. Municipalities will fail. Insurers will fail. The unemployed and foreclosed American population will take to the streets and begin rioting. The Greatest Depression is upon us.
Sound far fetched? [...]
Campbells Soup Safer Credit Risk Than US Government
Wednesday, December 10, 2008 18:27 No CommentsCredit default swaps on treasuries hit another record. It now costs 66 basis points (0.66%) to buy protection against a US Government default on its treasury bonds. The cost has risen over 100 times the January 2007 level of .06 basis points (0.006%) .
Credit default swaps (CDS) are a kind of insurance contract that can [...]
Citigroup to Invest $10 Billion of Taxpayer Money in Spain!
Monday, December 1, 2008 20:09 No CommentsThe heavily indebted Spanish construction group Sacyr Vallehermoso announced the sale of the highway operator Itinere Infraestructuras to Citigroup for $10 Billion (7.88 Billion Euro’s).
Citigroup is buying a toll road (Highway) in Spain.
You can’t make this stuff up!
Citigroup? The bank that was on the verge of failing last week. The bank that was on [...]
