Citi and Abu Dhabi??? Huh?

[dumpster56]

Citigroup to sell $7.5 billion stake to Abu Dhabi: Financial News - Yahoo! Finance

Tell me how this is good for our country?

 

[audreyh1]

It helps keep Citi from going under?

Audrey

 

[two4theroad]

Why didn't they offer 7-8% CD's to all us retirees? Everyone would be a winner.....and the money would have stayed here.

 

[Gumby]

Why didn't they offer 7-8% CD's to all us retirees? Everyone would be a winner.....and the money would have stayed here.

nm

 

[martyb]

Why didn't they offer 7-8% CD's to all us retirees? Everyone would be a winner.....and the money would have stayed here.

I'll drink to that! Not quite a retiree yet, but I'll still drink to it!

 

[mathjak107]

they didnt offer it to anyone else because its not going to be paid back. at some point in a few years it will convert to stock. heck i would have taken a shot at that deal too

 

[saluki9]

Why didn't they offer 7-8% CD's to all us retirees? Everyone would be a winner.....and the money would have stayed here.

Because they needed equity to bring up their tier 1 ratio, not more deposits.

 

[mathjak107]

i was thinking offering convertable stock not cd's to investors. thats almost the deal they ended up getting anyway .