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We may not be humans, but we are intensely interested in your current health.
You’d think they would have an interest in actually helping people make payments and keep from defaulting.
Oh well, what do I know; I don’t run a major financial institution that helped to steer the global economy into a ditch.
If it makes you feel better, their stock is trading at $1.45 (after a 52wk high of $27+). I’m not sure why’d that make anyone feel better though, since it just reminds everyone that shit sucks right now.
Poorly implemented though it is, Citi’s underexecuted program is one of our better shots at keeping mortgages – and the decrease in housing value – off the federal tab. Anything beats rewarding folks for buying houses they couldn’t afford.
Alf. So long as we reward banks for buying securities they couldn’t afford, right?
Aren’t the geniuses running banks supposed to be smarter than the stupid unwashed masses that bought houses on arms? How are they really different?
Supposedly the stock market rebounded a bit this week because Citi said they were doing well. But mightn’t it be more likely due to the Warren Buffet interview? Who would you believe: Citi about anything or Warren Buffet telling you to get behind Obama’s efforts and pull together?