Lewis, speaking in a memorandum to employees yesterday as his stock price plummeted as much as 36 percent, said he aimed to “prove cynics and critics wrong” by spurning attempts at nationalization. Bank of America, the biggest U.S. bank by assets, has already received $45 billion in bank rescue funds.
The 61-year-old banker defended the independence of his Charlotte, North Carolina-based lender as concern mounted that takeovers will wipe out shareholders of financial companies. New York-based Citigroup Inc., the No. 3 bank by assets, also slid as much as 36 percent yesterday.
What I dont get is that these banks/institutions didnt have insurance on these investments? 
So far so good.....am going to hold my breath, close my eyes, and pray------probably through the weekend.
Going to bail out of Citibank (C) in pre-market this early AM at 1.85.
Can't bitch about that.
Going to pay taxes on it and put the rest in 10 oz gold bullion bars.
"Eventually," shorts are going to get tired of covering this rally, which has no economic underpinnings and is based entirely on the fact that negativity was off the charts. Not going to wait around and watch C go from 1.85 to 1.25 as soon as that farking dummy "Obama" runs his mouth again.
Established in 1995,
Hot Forum Topics
