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CitiGroup is collapsing!!

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msufan

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aspirine

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It was the foolish monetary policies of jerks like Citi that lead to the absurd and evil rise in housing prices. I hope they go under. I hope the real estate speculators lose their money including their retirement funds.

They artificially raised the cost of housing until a working person can no longer afford to own one. Thus the young lose the security of a single neighborhood for their childhoods.
 
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trunks2k

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PacificPandeist said:
I read somewhere that Citigroups losses are going to exceed 28 BILLION dollars!! That's unthinkable!!
Click to expand...

Is that loss, or fall in profit? The OP said there was a 57% fall in profit, which isn't a loss.

I just have two credit cards with citi bank, that's it. I'll just be annoyed if something happens and I can't ever utilize my rewards points.
 
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Fantine

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Business Week says this about Citigroup:


http://www.businessweek.com/bwdaily/dnflash/content/nov2007/db2007117_653402.htm?campaign_id=yhoo

I agree that Citigroup is large enough and diversified enough that it can get back on its feet with a new CEO and better management.
 
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wpiman2

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The P/E ratio is still a low 8.8. That looks pretty good to me still.

What is really interesting is their cash flow numbers. They lost A LOT of cash from operations, and borrowed A LOT of money. Looks like the earnings might be a little skewed.
 
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