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Citigroup Inc. Message Board

  • joe_daye joe_daye Aug 26, 2009 8:33 AM Flag

    Rising loan defaults will take down Citi to a $1 again...

     

    the unemployment alone tells the story,
    not to mention falling property values.

    hugh commercial buildings won't get the floor space ocupied, condo's won't get sold, retail space will remain empty too resulting in billion dollar construction projects that may have to be auctioned. Some of those loans came from Citi - Citi is the owner, the developer will default.

    And you want to own Citi?

    Joe

    This topic is deleted.
 
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