1. Welcome to Baptist Board, a friendly forum to discuss the Baptist Faith in a friendly surrounding.

    Your voice is missing! You will need to register to get access to all the features that our community has to offer.

    We hope to see you as a part of our community soon and God Bless!

U.S. says it books $12 billion profit on Citigroup bailout

Discussion in 'News & Current Events' started by Crabtownboy, Dec 7, 2010.

Top Posters
  1. Crabtownboy

    Crabtownboy Well-Known Member
    Site Supporter

    Joined:
    Feb 12, 2008
    Messages:
    18,441
    Likes Received:
    259
    Faith:
    Baptist
    More profit from the bailout ..................

     
    #1 Crabtownboy, Dec 7, 2010
  2. targus

    targus New Member

    Joined:
    Feb 10, 2008
    Messages:
    8,459
    Likes Received:
    0
    You need to factor in the cost of the interest paid to Citibank for the treasury bills that they bought with the money - earning a higher rate of interest than they were borrowing at.

    That would be a net loss to the government.
     
    #2 targus, Dec 7, 2010
  3. Crabtownboy

    Crabtownboy Well-Known Member
    Site Supporter

    Joined:
    Feb 12, 2008
    Messages:
    18,441
    Likes Received:
    259
    Faith:
    Baptist
    Again you show no understanding in business and investing ... though you claim to be a businessman. Drop it T, "ain't gonna play your silly game this time."
     
    #3 Crabtownboy, Dec 7, 2010
  4. SpiritualMadMan

    SpiritualMadMan New Member

    Joined:
    Nov 10, 2003
    Messages:
    2,734
    Likes Received:
    0
    Please provide a link for your assertion...
     
    #4 SpiritualMadMan, Dec 7, 2010
(You must log in or sign up to post here.)
Loading...