View Single Post
  #9  
Old 11-29-2007, 12:34 AM
PRE PRE is offline
Senior Member
 
Join Date: May 2007
Location: Council Bluffs
Posts: 571
Default Re: who\'s buying Citigroup

[ QUOTE ]
[ QUOTE ]
Too good to be true? The company takes out what amounts to a subprime mortgage, and pays 11% interest. That sure sounds like desparation. Too good to be true, lol.

[/ QUOTE ]

You are trying to make a complex transaction seem too simplistic.

Jimbo

[/ QUOTE ]

Maybe, but Citigroup is run by a bunch of morons. Just compare the costs of their recent debt and equity financing to see what I'm talking about.
Reply With Quote