|Citigroup beats forecasts as sales rise 99%
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|Author:||CrimsonEagle [ Sat Apr 18, 2009 11:59 am ]|
|Post subject:||Citigroup beats forecasts as sales rise 99%|
The master manipulaters are at it again. Of particular note:
Today’s positive headline figure, however, strips out losses on bad debts and the huge costs of paying dividends to preferred shareholders. With these numbers included, the bank made a $966 million loss.
The figures were also flattered by a $2.5 billion gain on the decreasing market value of its own debt.
When I was doing some reading of the Mark to Market scam, I was dumfounded at the audacity that these people have. Then as I watch the markets rise and see the talking heads on tv sigh a visible sigh of relief that the worst is over, or so they want to us to believe, I can only sit and stare in awe. Simply amazing.
We can not look at what they show us/want us to believe and take them for their word. Instead, look at what they are doing and how they are going about it, then and only then can we catch them in their lies and deception.
Mark to Market....HA. They could not stop the basic law of supply and demand, so what do they do? They change the rules to give the illusion of success. It does not matter that there is now more supply than there is demand. They will value their "assets" as they wish. Man what a scam.
|Author:||Catherine [ Sat Jul 30, 2011 2:19 pm ]|
|Post subject:||Re: Citigroup beats forecasts as sales rise 99%|
ANY IDEA WHY THIS ASPECT OF OUR BUDGET DEFICIT ISN'T BEING DISCUSSED BY THE POLITICIANS, REGARDLESS OF PARTY AFFILIATION????????
(THANKS, JASPAR2002, FOR THE LINK TO THIS STORY IN YOUR CURRENT EVENTS COVERAGE!)
IT'S TIME FOR THE BANKS TO PAY BACK THE REST OF US!
The devilish deficit dance going on in Congress right now has been a convenient distraction for big U.S. banks. They’ve not only escaped new taxes for now, but they also are relishing their taxpayer bailout by earning robust profits.
Except for Bank of America, the major U.S. banks are doing just fine, thank you. Yet for all of the abundant generosity and forgiveness of the American people, have banks lent out enough money to Americans to make a difference to the economy at large?
No. Banks are lending less to consumers than they did in 2007, the year before the full-blown financial meltdown, according to recent Federal Reserve Consumer Credit tallies.
Outstanding consumer credit was $2.5 trillion in 2007 compared to $2.4 trillion through May of this year. Revolving credit was down fivemo percent in the first quarter of this year. Total consumer lending was down about $100 billion in 2010 and 2009 alone from 2007 levels.
The net effect was less money flowing to consumers, who are the engine of the U.S. economy. Even if you wanted to build that addition to your home or buy a foreclosed home, good luck getting a large loan from a bank — unless you have perfect credit ratings.
MORE AT THE LINK!
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