CITI AND B OF A ARE TRADING LIKE ACTS OF FAITH...
BECAUSE THEY MAY NOT HAVE ANY COMMON EQUITY LEFT AFTER THE GOVERNMENT TALLY IS MADE...
BUT THERE SEEMS TO BE A STRONG BELIEF AMONG THE PENNY PLUNGERS... THAT THE GOVERNMENT MONEY WILL BE SOMEHOW "GIFTED" TO THE BANK AND THE SHAREHOLDERS...AT SOME POINT IN THE FUTURE...
SO, IS CITI AND B OF A STOCK...REALLY A "GIFT CERTIFICATE" FROM THE FED AND THE TREASURY....? OH GOODY...I WANT SOME TOO!!
WELL THAT WOULD BE UNIQUE...!!
I DON'T THINK IT'S GOING TO HAPPEN...
THIS IS JUST ANOTHER ONE OF THE "PENNY STOCK" BANKRUPTCY PLAYS THAT THE RETAIL SUCKERS AND THE DAY TRADERS...GET CAUGHT UP IN EVERY SO OFTEN...
WHAT HAPPENS IS THE "GAME" GOES ON FOR A WHILE...BUT THEN THE DAY ARRIVES WHERE THE COMMON SHAREHOLDERS ARE WIPED OUT...AND THE BOND HOLDERS, AND OTHER CREDITORS. IE UNCLE SAM....OWN THE COMPANY...
SOMETIMES IT'S NOT EVEN IN THE NEWS BY THAT TIME...
AND NO YOU MORONS...UNCLE IS NOT THAT FUCKIN GENEROUS...TO GIVE YOU A GIFT OF THE BAILOUT MONEY...
GROW UP YOU IDIOTIC PENNY PLUNGERS...!!
NO...SORRY...NO GIFTS TO FINANCIAL SHAREHOLDERS FROM THE US TAXPAYERS...
IF THE BANKS CAN SURVIVE...AND PAY THE MONEY BACK...PERHAPS IN THE FUTURE THE SHAREHOLDERS WILL HAVE SOME EQUITY AGAIN...
BUT THEY DON'T NOW... AND IT REALLY DOES NOT LOOK LIKE THEY WILL HAVE AN EQUITY STAKE ANY TIME SOON...
