Citi, AIG and others
un-Touch'd krew
Joined: May 2001
Posts: 51,774
Likes: 1
From: My own level of hell
Value bouncing back still does not solve the issue of a single entity having a nation by the balls. If a company is too big to fail, then maybe that company is too big period.
The money invested into it currently would be a minor loss compared to the devastation of it folding altogether. At least if other companies bought up their debt the value of the transactions would balance out. It would be a minor hit to see AIG go down with only 1mil in debt (example) as opposed to 100billion.
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"I'll keep my money, guns and freedom. You can keep the "Change."
"I'll keep my money, guns and freedom. You can keep the "Change."
hood rich
Joined: Mar 2012
Posts: 35,752
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From: los josengeles
lol srsly :chuckles:
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In Loving Memory
R.I.P. Huan Vo aka woong
01.14.1979 - 11.19.2008
In Loving Memory
R.I.P. Huan Vo aka woong
01.14.1979 - 11.19.2008
Senior Member
Joined: Mar 2002
Posts: 4,943
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From: Near Albany NY
bought 68 shares of GE at an avg of 7.07
50 shares of Ford @ 1.85
150 shares of AIG @ .39
12 Shares of Microsoft @ 15.59
300 shares of GNBT @ .42
hood rich
Joined: Mar 2012
Posts: 35,752
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From: los josengeles
thats like not having enough money, so u just buy one single share of apple. lolz
thats coo....gotta start somewhere at least
thats coo....gotta start somewhere at least
__________________
In Loving Memory
R.I.P. Huan Vo aka woong
01.14.1979 - 11.19.2008
In Loving Memory
R.I.P. Huan Vo aka woong
01.14.1979 - 11.19.2008
RB does men
Joined: Jan 2003
Posts: 11,997
Likes: 0
From: Pittsburgh
Rachel Bilson
Joined: Oct 2005
Posts: 11,230
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From: South Bend/Walkerton, Ind
Because the .gov having their hands in private business is always a big issue to the public...and rightfully so
Value bouncing back still does not solve the issue of a single entity having a nation by the balls. If a company is too big to fail, then maybe that company is too big period.
The money invested into it currently would be a minor loss compared to the devastation of it folding altogether. At least if other companies bought up their debt the value of the transactions would balance out. It would be a minor hit to see AIG go down with only 1mil in debt (example) as opposed to 100billion.
Value bouncing back still does not solve the issue of a single entity having a nation by the balls. If a company is too big to fail, then maybe that company is too big period.
The money invested into it currently would be a minor loss compared to the devastation of it folding altogether. At least if other companies bought up their debt the value of the transactions would balance out. It would be a minor hit to see AIG go down with only 1mil in debt (example) as opposed to 100billion.
Senior Member
Joined: Mar 2002
Posts: 4,943
Likes: 0
From: Near Albany NY
No I dont
Thread Starter
Senior Member
Joined: Jun 2004
Posts: 30,331
Likes: 0
From: Montréal, Canada
Some very good points in this thread. I think it's still a risk to invest for short term. But the risk is lowered by the potential of citi to go back up long term. I mean if I go into citi it's cause I want gains in the short term and I still don't think they'll go under so even if it dips back down I believe that in the long run it will rise up again. I don't need liquidity right now so I can afford to leave it in for 5 years I would just rather not.