That would seem to be very close to were the economy is today.
Stocktor-evil I'm impressed, your correct, now which president took us off the gold standard. Don't cheat and look it up on the net. It was talked about in economics class discussions.
I am sorry you lost you life saving to Citi, your suppose to buy low sell high. But since you have no shares of Citi stock it really seems odd that you are here at all. I guess you can't get over losing your retirement to Citi,
Citi received 45 billion and paid it back plus interest. Now if your going to listen to Warren you should reconsider who you listen to.
It will never see $117 per share again unless the work become a nicer place to live. The Muslims just want to raise hell with everyone.
general.miltz, you are just and old fart that probably lost his house to the banks or your retirement and maybe both is all I see out of you. Your wife most likely left you because you are a pain in the tail. The only reason anyone would stay on this board and not be invested in Citi is because they are broke, no money and the bank took it all back and when your computer breaks you will be gone. I recommend you get a life in your old age. Save up for a good bike like a Trek shift 3 and get some exercise and fresh air if you don't live in a large dirty town. The only people who communicate with you are probable on the board and that's really pathetic.
Now for me I have a mango grove and I am just a few minutes from the beach with two boats, Jet Ski a sports car and a truck, wife has a SUV. My shop is 1800 sq. feet with two attachments for my toys. My house is a custom built ICF house designed to take 250 MPH winds (house was tested in an electronic wind tunnel) and it has been in 125 MPH winds already with no problems. I was really amazed the mango trees did as well as they did, not that you would care. I have an 1875 sq. feet mountain house on one of the peaks on the East Coast on acreage and a farm in South Carolina under management. I have property in the Bahamas but have not built a house on it yet. I'm not what I would call rich but I have a life and I am enjoying my time off doing stuff in retirement. My children are well educated and I have grandkids. I have travel around the world and enjoyed it.
I suspect you are in dire need of a life miltz. It’s something that develops over time.
In the old days they would take Corbat out back and hang him under and oak tree. Now days they give him a bonuses for helping to steal the stockholders money. The next generation doesn't stand a chance.
By the end of next year they will be lucky to break even. these criminals lie and cheat their stockholders out of their money every day.
Its 2.7 billion per the CFO but then Corbat is a lying cheating thief. So who really knows.
Another 2.7 billion in legal cost and this was done on Corbat's watch while being the CEO. No bonuses are deserved for any executive at Citi. They should feel lucky not to be in jail.
You should be using the multiple of 13 for banks. But they do need to get their profits up and their legal suits down and that may take some time. New York has 19 cases that Citi is involved in and England has 2. If the judge in New York right now makes the decision to throw them out Citi will move up fast. The judge is reviewing them right now. In England one is in court as I'm sure you know that and the other one is scheduled for it appeal in 2017 which is most likely to stay in Citi's favor. So you should be looking at $71.5 per share right now. No dough some if not all the lawsuits will be thrown out in New York.
What else would you expect when black girls goals are to have kids ASAP and get all that free welfare. With 3 or 4 kids they don't have to work and can party all night and have sex with whoever they want. Most of them don't even know who the fathers are and they don't care, just give them their checks, food stamps and free housing.
Their you go telling the facts miltz. You know they don't want to here the truth. Their going to call you racists. Lets cut welfare out for everyone, shut it down and lets see how it turns out. Most big City's want last six weeks before they start looking like a war zone and the death toll will sky rocket. Call in the national guard and clean up the mess. unemployment will drop, taxes will drop after a while. Most of the lazy bums will be dead. We can bulldoze over the low income poverty areas and restore them to nice parks and grow again to a strong nation. We could just bring the draft back and send them to the Middle East, same results.
Obama, Eric Holder and Jesse Jackson should be added to your list.