Citi Holds Meeting to Rally Troops, Sends 50,000 Packing

Citigroup Inc. (NYSE:C)

Is there really any wonder why Citi (NYSE:C) has fallen father faster than its rivals Bank of America (NYSE:BAC), JP Morgan (NYSE:JPM) and Wells Fargo (NYSE:WFC).

The Bailouts: Working?

Money Picture Dollar Bills

So, we have given almost $350 billion out. Is the TARP working?

Berkshire Earnings Drop 77%

Warren Buffett

Warren Buffett's Berkshire Hathaway (NYSE:BRK.A) said Friday that its third-quarter net earnings sank 77 per cent after it recorded heavy losses on the value of investments and derivatives and suffered a steep drop in insurance underwriting profits.

TARP Recipients to Date


Here is the list to date of those firms that have taken money from the Treasury under the TARP Plan.

JP Morgan's Dimon: 2009 "Tough"

JP Morgan

JP Morgan's (NYSE:JPM) chief says 2010 may see a "strong recovery".

JP Morgan Saves Mortgages

JP Morgan

JP Morgan (JPM) proves self interest in the market is ultimately more efficient than anything government will do.

Wells Fargo Completes $25 Billion TARP Deal

Wells Fargo & Company (NYSE:WFC) announced today it has issued to the U.S. Department of the Treasury 25,000 shares of Wells Fargo’s Fixed Rate Cumulative Perpetual Preferred Stock, Series D without par value.

Fed Meets Today on Interest Rates

What will Bernanke & Co. do?

Banks to Get Gov't Cash This Week

The Treasury confirmed this morning that they will begin to disperse billion to US banks this week. Big banks like Citi (C), JP Morgan (JPM), Well Fargo (WFC), and Bank of America (BAC), former brokers like Morgan Stanley (MS) and reional baks like PNC (PNC) financial are all lined up to recieve their allowance.

Wells Fargo Forced Into TARP plan

I can't get behind a plan that forced private companies to make the gov't a partner when they actually do not need it....Remember, this is just weeks after had said that injecting capital directly into banks would appear to be a sign of "failure."

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