Quote:
Originally Posted by Finnster
Ironic thing to say about someone who is $10T+ in debt, then again, when push comes to shove, I'm very sure in their ability to make things come out as a winner when they need it to. If anything, prolly gives them more incentive for things to come out a plus.
I do share your thoughts on the "when" aspect of it. I know a guy at work who bought C @ $1 a year ago. Had I some more spare cash to gamble with, I would have done the same. However, once it was up to $4 in april and Geithner was releasing the "stress test" results, I would have taken my money and ran (I even half jokingly said this to him when we were talking then.) A yr later and the F'ing stock is still @ $4, while the rest of the market is up 60-70%. He still has that stock and is still waiting for it to do something. Supposedly the gov't is going to try and cash out this yr, and Citi has been selling things off to pay debts, I just couldn't guess what the stock will be like as that happens, and what will remain of the company as it sells off the parts of it anybody else actually wants.
Makes me wonder about the whole Toyota thing as well. Obviously Toyota has made some mistakes, but its not hard to imagine the whole recall and safety controversy isn't being played up to beat down foriegn car makers when the domestics are the weakest they have ever been (excl F,) and the govt overseeing the car safety regs also owns the top competitor, all in the largest car market in the world. GM IPO in 2011 IIRC right?
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The $10T+ should be close to $15T+
. I agree with the rest
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I don't think they'll sell C just yet. Something might push the stock higher as others got pushed on what might be media hype and other things depending on the industry.
The Toyota thing to me is just a big set up by who knows who
. I heard the 911 call from that 90MPH+ Prius and it was just plain simple BS. The 911 dispatcher said 2 times if the dumb ass had put the car on neutral, but the dumb ass didn't and probably acted like he didn't know what to do. A lot of people lack the simple thing called common sense and I know people in other places are
about that joker. I would definitely not let him drive again. Toyota should get smart and find the source of the problem, isn't most parts for their vehicles sourced out? Everything just sounds strange, specially when other auto makers take advantage of the problems.