JoeDios.com Forums - View Single Post - Lawmakers, White House agree on $700B bailout

You guys do understand that if this situation is rectified, it could lead to a world-wide depression?

Unfortunately it's just the average US citizen who'll have to foot the bill. But the main company in question has assets all over the world. The investors are world-wide. I do agree on everything that's been said. It'll take at least 2 years from the time the bailout occurs to get things remotely 'normal'.

And how 'bout these apples?

http://seattlepi.nwsource.com/busin..._citigroup.html

Citigroup to buy Wachovia banking operations.

And what would happen if Citigroup were to fall? They are buying up a lot of properties. Glad I got rid of my Citibank account years ago.

09-29-2008, 10:10 AM	#6
Sonneilon aka 'Paul WS Anderson' ;) Offline --> Posts: 7,751 --> Join Date: Jul 2005	You guys do understand that if this situation is rectified, it could lead to a world-wide depression? Unfortunately it's just the average US citizen who'll have to foot the bill. But the main company in question has assets all over the world. The investors are world-wide. I do agree on everything that's been said. It'll take at least 2 years from the time the bailout occurs to get things remotely 'normal'. And how 'bout these apples? http://seattlepi.nwsource.com/busin..._citigroup.html Citigroup to buy Wachovia banking operations. And what would happen if Citigroup were to fall? They are buying up a lot of properties. Glad I got rid of my Citibank account years ago.