Probably "asked" by the government to help out

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May 6, 2015
6:59:20am

jrifkin48

Probably "asked" by the government to help out

I believe they took bailout money... So now they probably have lost that freedom to act truly as a private institution.

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jrifkin48

Bio page: jrifkin48
Joined: May 7, 2011
Last login: Apr 24, 2024
Total posts: 28,192 (1,309 FO)

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Messages

Author

Time

Just saw an ad that Citi Bank helped the city of Detroit when nobody else would.

Ragnar Danneskjold

5/6/15 6:00am

RE: Just saw an ad that Citi Bank helped the city of Detroit when nobody else

jbcoug

5/6/15 6:51am

Banks only loan money to entities like Detroit if they have a collateral

PhilPete

5/6/15 6:57am

Probably "asked" by the government to help out

jrifkin48

5/6/15 6:59am

LOL. Gotta love it. They likely aren't as heavily collateralized then. They

PhilPete

5/6/15 7:02am

That just tells me they exercise poor judgement. Or the feds are guaranteeing it

John Doe

5/6/15 8:12am

One of the worst banks in America.

Real Men Wear Blue

5/6/15 8:40am

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