Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: Road Walker who wrote (447722)	1/15/2009 11:16:13 AM
From: tejek	Read Replies (1) of 1577224

How much does it cost to make Citi whole, and what happens if we can't (would make Lehman look like nothing)? In now seems real possible the the Federal gov may have to nationalize the vast majority of the banking system. WTF would that look like; how would it work? Currently, I don't think Citi is that big a problem. It has a number of assets it can sell. And why would we nationalize the banking industry? Right now, I think the biggest problem is confidence......we have lost faith in our institutions because they have fukked up badly. I think we need to be focused on restoring confidence. BTW the selling of corporate bonds, which died after LEH, is pretty much back to normal.......an indication that the credit markets are starting to work again.

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