Doni...
I am buying CITI BECAUSE...?
1) US is not going to buy Citi shares at the current prices. They will wait till it goes back up...
2) CITI just wanted out of TARP strictures, which they have accomplished. The only thing government is loosing is the Pref. Interst. In exchange Citi has agreed to loosening up the CREDIT markets which they have a major impact on...
3) US is still a major shareholder and has a major voice in the operations of CITI.
All and all CITI is going back up from here, and I am getting back in (I bought it at $.97 and got out at $4.29), because of the agreement by CITI to start circulating the $700+ Billion dollars they are siting on in their bank, back into the economy...
Gil...