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IWETHEY Home / IWETHEY Board / Open Forum / They don't own controlling interest
Post #316,120
by beepster
10/23/09 4:44:13 PM
Reply
New They don't own controlling interest
they own alot, but not 51% of CITI, for example..number is under 35. So it isn't like the boss coming in and setting wages. While you pretend this is how it is, they are NOT signing the paychecks. May have made it possible for there to be paychecks...but that doesn't mean they are signing them. Sorry.
I will choose a path that's clear. I will choose freewill.
Post #316,124
by Another Scott
10/23/09 5:41:12 PM
Reply
New Um...
You agree that they wouldn't exist without the US bailout. Yet you say that the US doesn't have control. You are aware, I'm sure, that the US structured the bailout so that it wouldn't have control, by design. The politics of the arrangement is very different from the actual finances.

Citibank's market cap is $102B - http://finance.yahoo.com/q?s=c

The US has effectively dumped over $300B into the firm - http://www.cbsnews.c...main4629267.shtml

It's ours in all but name. The management there may grumble, but they know they have no choice - as a result of their own actions.

HTH.

Cheers,
Scott.
Post #316,143
by beepster
10/24/09 10:32:16 AM
Reply
New Politics vs Rules
it makes a difference.

It also makes a difference in that some have made attempts to pay back these funds, and some didn't want them in the first place...but now they are all subject to this.

If what these people did was criminal. Put them in jail. Now you are simply allowing your prejudice against their actions drive a change in policy that is simply counter to the fundamentals of the econ system. If I had any confidence that it would stop here, I would likely agree with this group...I have zero, more likely negative faith that it will stop here.

How "washington as usual" does it have to get before you all figure out this "change" thing was a sham?
I will choose a path that's clear. I will choose freewill.
     Looks like they'll be some exec jobs opening up - (beepster) - (47) - Oct. 21, 2009, 05:42:23 PM EDT
         If he hasn't stored enough already to be liquid ... - (drook) - (1) - Oct. 21, 2009, 06:00:50 PM EDT
             when a clerk makes more ... - (beepster) - Oct. 22, 2009, 07:46:16 AM EDT
         Pay for Performance has its downside, too. -NT - (Another Scott) - (42) - Oct. 21, 2009, 07:05:44 PM EDT
             Interesting take on gov't mandated pay. - (beepster) - (41) - Oct. 22, 2009, 07:45:26 AM EDT
                 It's already in place in many areas. - (Another Scott) - (40) - Oct. 22, 2009, 08:02:54 AM EDT
                     I have no issue... - (beepster) - (39) - Oct. 22, 2009, 08:38:40 AM EDT
                         Suppose *anyone else* had fronted the money - (drook) - (38) - Oct. 22, 2009, 08:58:13 AM EDT
                             What world are... - (folkert) - Oct. 22, 2009, 09:11:10 AM EDT
                             is there a point there? - (beepster) - (36) - Oct. 22, 2009, 09:18:45 AM EDT
                                 Sounds like Circuit City? - (folkert) - (2) - Oct. 22, 2009, 09:33:13 AM EDT
                                     Not really, nobody would give CC any money at all. - (beepster) - (1) - Oct. 22, 2009, 09:40:39 AM EDT
                                         The time they... - (folkert) - Oct. 22, 2009, 11:17:13 AM EDT
                                 "Top performers"? Really? - (drook) - (19) - Oct. 22, 2009, 10:24:06 AM EDT
                                     There's no definition attached - (beepster) - (18) - Oct. 22, 2009, 10:43:46 AM EDT
                                         Saying that government money is "involved" ... - (drook) - (7) - Oct. 22, 2009, 10:51:42 AM EDT
                                             Where do you stop? - (beepster) - (6) - Oct. 23, 2009, 12:09:19 AM EDT
                                                 Difference between ownership and contracting - (crazy) - (5) - Oct. 23, 2009, 06:24:18 AM EDT
                                                     Many contractors wouldn't exist - (beepster) - (4) - Oct. 23, 2009, 03:53:09 PM EDT
                                                         Whoa - (crazy) - (3) - Oct. 23, 2009, 04:35:45 PM EDT
                                                             They don't own controlling interest - (beepster) - (2) - Oct. 23, 2009, 04:44:13 PM EDT
                                                                 Um... - (Another Scott) - (1) - Oct. 23, 2009, 05:41:12 PM EDT
                                                                     Politics vs Rules - (beepster) - Oct. 24, 2009, 10:32:16 AM EDT
                                         Details from Bloomberg. - (Another Scott) - (2) - Oct. 22, 2009, 10:52:14 AM EDT
                                             Wish I could download that - (drook) - (1) - Oct. 22, 2009, 11:12:34 AM EDT
                                                 FlashGot should grab it for you. - (Another Scott) - Oct. 22, 2009, 11:31:31 AM EDT
                                         Re: There's no definition attached - (Mycroft_Holmes_Iv) - (6) - Oct. 23, 2009, 08:49:34 AM EDT
                                             so back to gas lines? -NT - (boxley) - (4) - Oct. 23, 2009, 09:15:07 AM EDT
                                                 Actually your both wrong - (Mycroft_Holmes_Iv) - (3) - Oct. 24, 2009, 07:00:58 AM EDT
                                                     Re: Actually your both wrong - (beepster) - (2) - Oct. 24, 2009, 10:23:51 AM EDT
                                                         Chuckle - (Mycroft_Holmes_Iv) - (1) - Oct. 24, 2009, 10:00:07 PM EDT
                                                             repos that used to be democrats maybe - (boxley) - Oct. 25, 2009, 09:44:31 AM EDT
                                             that makes it all better - (beepster) - Oct. 23, 2009, 03:47:46 PM EDT
                                 That's not what's happening. - (Another Scott) - (12) - Oct. 23, 2009, 04:09:55 PM EDT
                                     I'll tell you why! - (crazy) - (11) - Oct. 23, 2009, 04:40:01 PM EDT
                                         If you choose not to see it - (beepster) - (10) - Oct. 23, 2009, 04:48:01 PM EDT
                                             I had a great response - (crazy) - (2) - Oct. 24, 2009, 12:43:52 PM EDT
                                                 To be safe, one needs to use an external editor to post. - (Another Scott) - Oct. 24, 2009, 12:56:41 PM EDT
                                                 Got that too - (Mycroft_Holmes_Iv) - Oct. 24, 2009, 09:55:20 PM EDT
                                             So THIS is where tho corner is being turned? - (mhuber) - (6) - Oct. 24, 2009, 01:22:11 PM EDT
                                                 This is pretty blatant - (beepster) - (5) - Oct. 24, 2009, 03:03:49 PM EDT
                                                     Your rose colored glasses are pretty foggy. - (Another Scott) - (1) - Oct. 24, 2009, 03:30:30 PM EDT
                                                         I don't watch them - (beepster) - Oct. 25, 2009, 08:43:01 AM EDT
                                                     No, I don't think I'm overzealous - (mhuber) - (2) - Oct. 25, 2009, 04:20:27 AM EDT
                                                         Just so I've got this straight ... - (drook) - (1) - Oct. 25, 2009, 12:40:32 PM EDT
                                                             IRLRPD. - (Another Scott) - Oct. 25, 2009, 03:18:07 PM EDT
         Dean Baker reminds us of the obvious. - (Another Scott) - (1) - Oct. 27, 2009, 06:41:33 AM EDT
             It can't be zero - (Mycroft_Holmes_Iv) - Oct. 27, 2009, 10:22:00 PM EDT

They're a cornered rat, and quite frankly, I think they have rabies to boot. I'd rather not get too close to them.
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