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Thread: Citigroup Bailout is a GO

  1. 11-25-2008 02:51 PM #11
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    Bucks
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    Bailing out the Mets and Central American banks.


    The Citigroup bailout;
    Citigroup Buys Banco Uno
    The largest US bank, Citigroup, purchased Grupo Financiero Uno, which has a presence in Central America, according to an announcement by the company.

    The amount of the transaction was not stated, and it is subject to approval by regulatory agencies.

    Grupo Uno owns Banco Uno and Aval Card in Costa Rica. It also has operations in Guatemala, Honduras, Nicaragua, Panama and El Salvador. It has a capital of us2.1 billion dollars and over 1 million clients, principally in credit cards, 75 branches, 100 offices and points of sale.
    Citigroup Buys Banco Uno
    On another note Citi is paying for the naming rights to the Mets stadium. So again the American taxpayer is effectively paying for the Mets "20-year, $400 -million naming rights deal."
    Citigroup sheds workers, keeps Mets deal -- Newsday.com
    So US taxpayers are effectively bailing out THE WORLD.
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  2. 11-25-2008 02:54 PM #12
    NewC
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    we were destined to own the planet anyway
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  3. 11-25-2008 02:59 PM #13
    Psyclist
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    How can Citi afford to buy anything? lol
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  4. 11-25-2008 03:06 PM #14
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    Quote Originally Posted by Psyclist View Post
    How can Citi afford to buy anything? lol

    yeah, i was thinking the same thing... did Citi buy it or the Government??
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  5. 11-25-2008 03:38 PM #15
    Emperor Dragon ARX
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    Citi bought the naming rights long before the economic crisis from what I heard. They won't be allowed to cancel the contract according to the stadium owner(s)...

    Quote Originally Posted by NewC View Post
    we were destined to own the planet anyway
    Yeah, we need to reinstitute American Imperialism and Manifest Destiny!!!

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  6. 11-25-2008 03:40 PM #16
    NewC
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    i agree. lets start with cuba and puerto rico.
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  7. 11-25-2008 03:44 PM #17
    Emperor Dragon ARX
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    Quote Originally Posted by NewC View Post
    i agree. lets start with cuba and puerto rico.
    Yeah! Then conquer Me'h'ico, Canada, and the rest of South America starting with Venezuela. Then we conquer Europe, except France-we just kill off all the Frenchies to keep from polluting the gene pool any further.... and so on.
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  8. 11-25-2008 03:53 PM #18
    Dante1
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    Bailouts are generally not a good idea, unless they result in more fluid credit availability.
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  9. 11-25-2008 04:49 PM #19
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    Quote Originally Posted by Psyclist View Post
    How can Citi afford to buy anything? lol
    Monopoly money
    The heavens, in their countless stars, hold answers to earthly mysteries. Might, then, the wise, and the lucky, gaze up and find truth?
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  10. 11-25-2008 04:55 PM #20
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    So how much is CitiGroup CEO going to pocket with his bonus, benefits, ect?
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