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May 6, 2015
7:02
:29
am
PhilPete
LOL. Gotta love it. They likely aren't as heavily collateralized then. They
could take massive losses on this one.
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PhilPete
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philpete84041
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PhilPete
Joined
Sep 24, 2003
Last login
Apr 26, 2024
Total posts
27,113 (28 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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