LATEST: Forget Rally...Citi Common Stock Is Dead......must read!!!

[ahleebabasingaporethief]

'Citigroup Common is Toast'

Christopher Whalen of Institutional Risk Analytics said the deal to save Citigroup [C 5.95 2.18 (+57.82%) ] means that the financial giant's common stock has effectively been written off:

"The government is continuing to pretend they're just like any investor. And they're not."

He said the government will have to break up Citi and sell its pieces.

Whalen expects JPMorgan Chase to face a similar fate in coming months.

http://www.cnbc.com/id/15840232?video=937411829&play=1

 

[lifeafter41]

'Citigroup Common is Toast'

Christopher Whalen of Institutional Risk Analytics said the deal to save Citigroup [C 5.95 2.18 (+57.82%) ] means that the financial giant's common stock has effectively been written off: "The government is continuing to pretend they're just like any investor. And they're not." He said the government will have to break up Citi and sell its pieces. Whalen expects JPMorgan Chase to face a similar fate in coming months.

Any link to the write up. Thanks.

 

[ahleebabasingaporethief]

Any link to the write up. Thanks.

http://www.cnbc.com/id/15840232?video=937411829&play=1