Citigroup (C): Another 35,000 to be fired? Another big hit to the stock?

You know what gets me about all this stuff ?

Its kind of like trading stocks.
The time to buy is when everybody else is selling, as long as its a strong stock.

Bottom line, Greed has caused this financial crisis.

Greed from investors demanding too much profitability rather then being willing to accept a steadily increasing revenue stream and steadily increasing cash base with a steadily decreasing liabilities.

Greed from the CEO that wants to deliver the above so that they can make many times over what anybody else at the company make with no provisions for accountability or responsibility in the case that the CEO drove the company into the ground.

So what is the result of this greed for the past 40 years ?

We have many symptoms such as the sub prime mortgage problem, the bailout of banks, the potential bailout of auto manufacturers and who knows where it will end.

We also have retailers going out of business and there is a very strong potential that many manufacturers that supply these retailers will go out of business and possibly the raw material producers that supply the manufacturers.

Yet you hear nobody but me discussing why this is happening.

It is time to get your head out of the sand and quit thinking that it doesnt affect me so I won't worry about it, because it does or it will affect you if we continue on this path.

The American consumer accounts for 70 % of our economy and every one that we put out of work or lower their wages will eventually directly make an impact on your business or lifestyle.

You don't believe that ?

Go to my site at http://www.KeepAmericaAtWork.com and look at the article titled "Your wages do matter"

I can hear you now, well what about the global crisis.

The global crisis came about because each of these democratic believing countries followed the Americans lead because we have always done so well and now they are making the same mistakes that we are and experiencing the same problems.

We are experiencing the largest capital transfer of wealth from democratic believing countries to countries that do not believe in our way of life or our beliefs via the purchase of oil and cheap labor and we are destroying all of our countries in pursuing this goal.

Don't believe me ?

How is it that Qatar plans on being the next New York ?

Could it be that they are using our money to purchase our land and other assets and is there a possibility that they hold a lot of our debt and may be eagerly waiting to call the note due and payable in full ?

Folks, this madness has to stop because a global economy, while admirable will not work until we have a global taxation system that will replace the money that we use to run our national budget as a minimum.

Virgil
http://www.KeepAmericaAtWork.com

AIG IS THE WORST INSURANCE ON THE COUNTRY,I DON'T KNOW WHY WE THE TAX PAYERS HAVE TO BAOLED THEM OUT THEY SHOULD BE PUT OUT OF BUSINESS BY THE FEDERAL TRADE COMISSION.THE GOV.GAVE THEM MILLIONS OF DOLLARS,AND THERE IS NO TRACE WHAT HAPENED TO THAT MONEY.THEY USED THE MONEY FOR TRAVEL EXPENSES,ON WHAT ,AND WHY?THEY TRY TO CHEAT US OUT SOME MONEY BUT WE HAVE FRIENDS THAT WORK IN THE SO CALL COMPANY,AND IT EXPLAIN HOW THEY WORK,MY WIFE A 50 YEAR YOUNG LADY NEVER HAVE A TRAFIC TICKET OR ACCIDENT,AND SHE HAS BEEN DRIVING AT THEAGE OF 16,AND FOR US TO GETA DISCOUNT THEY SAID THAT AHE HAVE TO GO TO DRIVING SCHOLL FOR US TO SAVE $20.00. IDID NOT SEE ANY REASON FOR THAT AND WE TRY TO CANCELL THE INSURANCE POLICIE THROUGH THE PHONE,EVERITHYNG WAS DONE THROUGH THE TELEPHOME AND THEY REPLY THAT WE HAVE TO FAX TO THEM EXPLAINING WHY WE WANTED TO CANCELL THE INSURANCE. THAT TAKE SOME BRAINS.

I have a classmate that works for Citigroup, he claims that they brought all their financial problems on themselves. I get the feeling from talking with him that Citigroup does not care about their customers and workers. They have tons of foreign debt, so why should we bail them out.

all this negativity, wtf
nobaody has said a word about the positive impact of oil dropping $90/barrel.
only gloom and doom on the way up!
nobody has talked about the strength of the dollar in the last 2 months. only gloom and doom over the previous 2 yrs on th way down. the press makes money
on sensational news. market forces like these and the fed will have us out of this 1-2 months after xmas. BUY STOCKS NOW

Citigroup obviously has many problems! My suggested solution: bring back Sandy Weill. If anybody can fix this, Sandy can.

Who could really know what Citi's stock is worth at this point? Aside from the layoffs, when big banks (who encouraged people to accumulate debt) begin pushing for credit card debt forgiveness and homeowner assistance programs you know they must be in trouble.
http://www.talkstocktrading.com/mortgage-lenders-to-the-rescuefor-who/