PORTAL Finance Blog

Category Archives: Citi Group

“Fat cat Bankers”

It might make U.S. taxpayers feel good that President Obama is calling finance professionals names like “Fat cat Bankers.”  But is it really constructive?  Working in finance is a learned trade, just like building a road or fixing a roof.  … Continue reading →

December 14, 2009 at 6:08 pm | Citi Group, Financial, Real Estate, TARP

545 vs. 300,000,000

545 vs 300,000,000 EVERY CITIZEN NEEDS TO READ THIS AND THINK ABOUT WHAT THIS JOURNALIST HAS  SCRIPTED IN THIS MESSAGE.  READ IT  AND THEN REALLY THINK ABOUT OUR CURRENT POLITICAL DEBACLE. Charley Reese has been a journalist for 49 years.545  PEOPLEBy … Continue reading →

September 23, 2009 at 5:35 pm | AIG, Citi Group, Federal Reserve Bank, Financial, Investing

Nationalization is back on the front burner

Just when I thought it was getting boring, the U.S. government made things exciting today through one of their glorious press leaks. In the news today, the U.S. government is considering converting all of its TARP preferred share holdings into … Continue reading →

April 21, 2009 at 2:08 am | Citi Group, Financial, Real Estate, TARP

AIG: Does anyone care?

It is baffling to me why the financial press has little to say about AIG at the present time. AIG has been nationalized by the U.S. (80% stake) which is now calling the shots. AIG, as the largest underwriter for … Continue reading →

March 1, 2009 at 6:44 pm | AIG, Citi Group, Financial, Investing

U.S. to control up to 36% of Citigroup

The details are light, but the U.S. announced this morning that they will convert their preferred stake in Citi to common stock for up to a 36% stake. The conversion deal flies in the face of conventional U.S. valuation principles. … Continue reading →

February 27, 2009 at 12:48 pm | Citi Group, Financial

Nationalization or not?

As I said previously, I am not a big fan of nationalizing any of the U.S. banks. However, my thought was that maybe this type of bold action would immediately restore confidence by demonstrating that the Federal Reserve wasn’t playing … Continue reading →

February 17, 2009 at 1:20 am | Citi Group, Federal Reserve Bank, Financial