On Jan 10, 11:16 am, "P. Maffia" <pmaf...@centurytel.net> wrote:



The VILLAGE IDIOT of MORON TOWN is always so entertaining.<knews4u2c...@yahoo.com> wrote in message

news:ff523336-d680-45b0-a2ee-3159b11283d8@d70g2000hsb.googlegroups.com...

Hey Dickbrain.
The only reason ANY OF THEM will report a "profit" is because they are
playing games with the BOOKS and have yet to actually put these 'off
balance sheet" assets in their financials at their likely true value.

Among others, CIti has moved some $45 Billion of these assets unto its
balance sheet and still had to set up loss reserves of just $17 billion to
cover their losses.

And do you know why?
Because they don't have a fricken idea what these "derivatives" are
worth since right now there is NO MARKET FOR THEM.

Derivites trade with a hefty volume daily. So contrary to your moronic
claim, they do have some iodea what they are worth.

Which means they are worth approximately ZERO.
Ever heard of GAAP?

Sure have, even worked with them for more years then you have been alive, if
we can call your existence living.

They don't even use it.

Well contrary to your moronic assertion, if they didn't use them, no audit
firm in the country would venture to state an opinion about them other than
they were bankrupt and unable to continue as a viable business. And long
before that would happen, the banking authorities would have closed them
down.

Thank you for demonstrating your lack of functional knowledge on another
couple of subjects.Just as we have come to expect.

I AM THE VILLAGE IDIOT OF MORON TOWN!

Hey Mayor Peabrain,
Here's how honest your bankster heros want to be.http://nychousingbubble.blogspot.com/2008/01/banks-trying-to-wiggle-o...

On Jan 11, 2:00 pm, knews4u2c...@yahoo.com wrote:



As the cracks in the damn get bigger and bigger.
How long can the "plunge protection team" keep their fingers in the
hole?http://biz.yahoo.com/ap/080111/wall_street.html?.v=40

As long as our hard earned loot holds out.
- Brad Guth

On Jan 11, 6:19 pm, BradGuth <bradg...@gmail.com> wrote:

On Jan 11, 2:00 pm, knews4u2c...@yahoo.com wrote:

As the cracks in the damn get bigger and bigger.
How long can the "plunge protection team" keep their fingers in the
hole?http://biz.yahoo.com/ap/080111/wall_street.html?.v=40

As long as our hard earned loot holds out.
- Brad Guth

"Tsunami."http://www.youtube.com/watch?v=I-16u9x3tfE

If you only knew how to read.

"Lavelock" <lavel...@hotmail.com> wrote in message

news:b24ba$478cdde1$6214f4f9$17913@ALLTEL.NET...





"P. Maffia" <pmaf...@centurytel.net> wrote in message
news:m5qdnRNuTIR4gRjanZ2dnUVZ_hisnZ2d@centurytel.net...

Despite the hefty losses Citi has suffered, it is still reporting a
profit for the year. And the same is true of most of the players hit hard
by the sub-prime debacle. So much for The Village Idiot's information
moronically claiming that, "Almost all of Wall Street firms are bankrupt,
..." .

http://www.forbes.com/home/markets/2008/01/15/citigroup-merrill-mortg...

Citigroup Posts Staggering Loss, Cuts Dividend

The writing was on the wall for Citigroup. On Tuesday, the investment firm
announced $18.1 billion in write-downs for the fourth quarter and a net
loss of $9.8 billion. In a bid to shore up its capital, the firm secured
$12.5 billion in cash from a collection of investors and slashed its
dividend by 41%.

As one of the hardest-hit institutions in the credit crunch, Citigroup is
eager to get its house in order. On Tuesday, the firm said it swung to an
eye-popping loss of $9.83 billion, or $1.99 a share, from a profit of $5.1
billion, or $1.03 a share, one year ago. Meanwhile, sales plunged 69.7%,
to $7.2 billion, from $23.8 billion

Dufass, that is the results for the 4th Quarter, For the year it reported a
greatly reduced profits compared to 2006, around 79 cents a share, but a
profit nevertheless. Just as I said.

On Jan 15, 10:23 am, "P. Maffia" <pmaf...@centurytel.net> wrote:



If you only knew how to read.

"Lavelock" <lavel...@hotmail.com> wrote in message

news:b24ba$478cdde1$6214f4f9$17913@ALLTEL.NET...

"P. Maffia" <pmaf...@centurytel.net> wrote in message
news:m5qdnRNuTIR4gRjanZ2dnUVZ_hisnZ2d@centurytel.net...

Despite the hefty losses Citi has suffered, it is still reporting a
profit for the year. And the same is true of most of the players hit hard
by the sub-prime debacle. So much for The Village Idiot's information
moronically claiming that, "Almost all of Wall Street firms are bankrupt,
..." .

http://www.forbes.com/home/markets/2008/01/15/citigroup-merrill-mortg...

Citigroup Posts Staggering Loss, Cuts Dividend

The writing was on the wall for Citigroup. On Tuesday, the investment firm
announced $18.1 billion in write-downs for the fourth quarter and a net
loss of $9.8 billion. In a bid to shore up its capital, the firm secured
$12.5 billion in cash from a collection of investors and slashed its
dividend by 41%.

As one of the hardest-hit institutions in the credit crunch, Citigroup is
eager to get its house in order. On Tuesday, the firm said it swung to an
eye-popping loss of $9.83 billion, or $1.99 a share, from a profit of $5.1
billion, or $1.03 a share, one year ago. Meanwhile, sales plunged 69.7%,
to $7.2 billion, from $23.8 billion

Dufass, that is the results for the 4th Quarter, For the year it reported a
greatly reduced profits compared to 2006, around 79 cents a share, but a
profit nevertheless. Just as I said.

Try again.http://www.breitbart.com/article.php?id=080115165452.ezc5cxj8&show_ar...

If they are so "solvent" why do they need to extort money from foreign
investors?
When the books are open on these "banks" it will make Enron look like
a petty crime.
But their real crimes, like Enron, will never see the light of day.

On Jan 15, 10:48 am, knews4u2c...@yahoo.com wrote:



On Jan 15, 10:23 am, "P. Maffia" <pmaf...@centurytel.net> wrote:

If you only knew how to read.

"Lavelock" <lavel...@hotmail.com> wrote in message

news:b24ba$478cdde1$6214f4f9$17913@ALLTEL.NET...

"P. Maffia" <pmaf...@centurytel.net> wrote in message
news:m5qdnRNuTIR4gRjanZ2dnUVZ_hisnZ2d@centurytel.net...

Despite the hefty losses Citi has suffered, it is still reporting a
profit for the year. And the same is true of most of the players hit hard
by the sub-prime debacle. So much for The Village Idiot's information
moronically claiming that, "Almost all of Wall Street firms are bankrupt,
..." .

http://www.forbes.com/home/markets/2008/01/15/citigroup-merrill-mortg...

Citigroup Posts Staggering Loss, Cuts Dividend

The writing was on the wall for Citigroup. On Tuesday, the investment firm
announced $18.1 billion in write-downs for the fourth quarter and a net
loss of $9.8 billion. In a bid to shore up its capital, the firm secured
$12.5 billion in cash from a collection of investors and slashed its
dividend by 41%.

As one of the hardest-hit institutions in the credit crunch, Citigroup is
eager to get its house in order. On Tuesday, the firm said it swung to an
eye-popping loss of $9.83 billion, or $1.99 a share, from a profit of $5.1
billion, or $1.03 a share, one year ago. Meanwhile, sales plunged 69.7%,
to $7.2 billion, from $23.8 billion

Dufass, that is the results for the 4th Quarter, For the year it reported a
greatly reduced profits compared to 2006, around 79 cents a share, but a
profit nevertheless. Just as I said.

Try again.http://www.breitbart.com/article.php?id=080115165452.ezc5cxj8&show_ar...

If they are so "solvent" why do they need to extort money from foreign
investors?
When the books are open on these "banks" it will make Enron look like
a petty crime.
But their real crimes, like Enron, will never see the light of day.

And the contagion spreads EVERYWHERE.

you only thing exploding everywhere are your brain cells knews

On Jan 15, 2:01 pm, knews4u2c...@yahoo.com wrote:



On Jan 15, 10:48 am, knews4u2c...@yahoo.com wrote:

On Jan 15, 10:23 am, "P. Maffia" <pmaf...@centurytel.net> wrote:

If you only knew how to read.

"Lavelock" <lavel...@hotmail.com> wrote in message

news:b24ba$478cdde1$6214f4f9$17913@ALLTEL.NET...

"P. Maffia" <pmaf...@centurytel.net> wrote in message
news:m5qdnRNuTIR4gRjanZ2dnUVZ_hisnZ2d@centurytel.net...

Despite the hefty losses Citi has suffered, it is still reporting a
profit for the year. And the same is true of most of the players hit hard
by the sub-prime debacle. So much for The Village Idiot's information
moronically claiming that, "Almost all of Wall Street firms are bankrupt,
..." .

http://www.forbes.com/home/markets/2008/01/15/citigroup-merrill-mortg...

Citigroup Posts Staggering Loss, Cuts Dividend

The writing was on the wall for Citigroup. On Tuesday, the investment firm
announced $18.1 billion in write-downs for the fourth quarter and a net
loss of $9.8 billion. In a bid to shore up its capital, the firm secured
$12.5 billion in cash from a collection of investors and slashed its
dividend by 41%.

As one of the hardest-hit institutions in the credit crunch, Citigroup is
eager to get its house in order. On Tuesday, the firm said it swung to an
eye-popping loss of $9.83 billion, or $1.99 a share, from a profit of $5.1
billion, or $1.03 a share, one year ago. Meanwhile, sales plunged 69.7%,
to $7.2 billion, from $23.8 billion

Dufass, that is the results for the 4th Quarter, For the year it reported a
greatly reduced profits compared to 2006, around 79 cents a share, but a
profit nevertheless. Just as I said.

Try again.http://www.breitbart.com/article.php?id=080115165452.ezc5cxj8&show_ar...

If they are so "solvent" why do they need to extort money from foreign
investors?
When the books are open on these "banks" it will make Enron look like
a petty crime.
But their real crimes, like Enron, will never see the light of day.

And the contagion spreads EVERYWHERE.

you only thing exploding everywhere are your brain cells knews

Despite the hefty losses Citi has suffered, it is still reporting a profit
for the year. And the same is true of most of the players hit hard by the
sub-prime debacle. So much for The Village Idiot's information moronically
claiming that, "Almost all of Wall Street firms are bankrupt, ..." .

On Tue, 15 Jan 2008 13:20:30 -0600, Lavelock wrote:

knews4u2c...@yahoo.com> wrote in message
news:bab347d6-8c01-427c-8e4b-1b72b8d32df0@n22g2000prh.googlegroups.com...
http://www.breitbart.com/article.php?id=080115165452.ezc5cxj8&show_ar...

If they are so "solvent" why do they need to extort money from foreign
investors?
When the books are open on these "banks" it will make Enron look like
a petty crime.
But their real crimes, like Enron, will never see the light of day.

That was the point of the article. Ok, they made 3.6 billion for 2007. If
you are expecting profits or have reserves you don't "borrow" 14 billion
dollars and cut payments to stockholders 41% right after writing off 17
billion in losses. This is a statment of future massive losses. They are
getting cash for the next round. The home loan meltdown is just starting.
Citi is getting ready for the next hit.

Get the point they are down 31 billion dollars. The housing market is not
turning around anytime soon. There is on light at the end of the tunnel.
They are in duck and cover mode.

Don't concern yourself with the denyers here, we get the drift.

-- Regards, Curly
------------------------------------------------------------------------
http://feeds.feedburner.com/SL/thegreen
------------------------------------------------------------------------

"P. Maffia" <pmaffia@centurytel.net> wrote in message
news:m5qdnRNuTIR4gRjanZ2dnUVZ_hisnZ2d@centurytel.net...

Despite the hefty losses Citi has suffered, it is still reporting a
profit for the year. And the same is true of most of the players hit
hard by the sub-prime debacle. So much for The Village Idiot's
information moronically claiming that, "Almost all of Wall Street
firms are bankrupt, ..." .

http://www.forbes.com/home/markets/2008/01/15/citigroup-merrill-mortgage-markets-equity-cx_er_0115markets11.html

Citigroup Posts Staggering Loss, Cuts Dividend

The writing was on the wall for Citigroup. On Tuesday, the investment
firm announced $18.1 billion in write-downs for the fourth quarter and
a net loss of $9.8 billion. In a bid to shore up its capital, the firm
secured $12.5 billion in cash from a collection of investors and
slashed its dividend by 41%.

As one of the hardest-hit institutions in the credit crunch, Citigroup
is eager to get its house in order. On Tuesday, the firm said it swung
to an eye-popping loss of $9.83 billion, or $1.99 a share, from a
profit of $5.1 billion, or $1.03 a share, one year ago. Meanwhile,
sales plunged 69.7%, to $7.2 billion, from $23.8 billion

"P. Maffia" <pmaffia@centurytel.net> wrote in message
news:m5qdnRNuTIR4gRjanZ2dnUVZ_hisnZ2d@centurytel.net...

Despite the hefty losses Citi has suffered, it is still reporting a
profit for the year. And the same is true of most of the players hit hard
by the sub-prime debacle. So much for The Village Idiot's information
moronically claiming that, "Almost all of Wall Street firms are bankrupt,
..." .

http://www.forbes.com/home/markets/2008/01/15/citigroup-merrill-mortgage-markets-equity-cx_er_0115markets11.html

Citigroup Posts Staggering Loss, Cuts Dividend

The writing was on the wall for Citigroup. On Tuesday, the investment firm
announced $18.1 billion in write-downs for the fourth quarter and a net
loss of $9.8 billion. In a bid to shore up its capital, the firm secured
$12.5 billion in cash from a collection of investors and slashed its
dividend by 41%.

As one of the hardest-hit institutions in the credit crunch, Citigroup is
eager to get its house in order. On Tuesday, the firm said it swung to an
eye-popping loss of $9.83 billion, or $1.99 a share, from a profit of $5.1
billion, or $1.03 a share, one year ago. Meanwhile, sales plunged 69.7%,
to $7.2 billion, from $23.8 billion

If you only knew how to read.

On Tue, 15 Jan 2008 10:23:32 -0800, P. Maffia <pmaffia@centurytel.net
wrote:
If you only knew how to read.

backwards ass post didn't you only If

http://www.breitbart.com/article.php?id=080115165452.ezc5cxj8&show_article=1

If they are so "solvent" why do they need to extort money from foreign
investors?
When the books are open on these "banks" it will make Enron look like
a petty crime.
But their real crimes, like Enron, will never see the light of day.