Another week, another bank bailout. The most recent recipient of government aid is Citigroup, and the government's bailout package includes a $20 billion investment in the company and a $306 billion guarantee of risky assets.
Monday's market close was met with cheers as investor enthusiasm sent the market soaring, reflecting a general investor bet that the worst of the financial industry's problems may be over. Do you think we've seen the worst?
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Birkenstock
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I'd say it's too soon to tell. Of course, we are all hoping for the better.
1GRRR. We shouldn't have bailed out Citigroup.
2I think the storm is just brewing.
3I think it is too soon to tell. Things could really go either way right now.
4Too soon to tell, unfortunately.
5Now I don't think Citi needed to get a bail out. Their balance sheet appeared healthy, unless someone was straight-up lying.
The domestic autos may go out of business, but the auto market will still be around. People just will just have to accept that they have to buy a Toyota. They already have plants in the US, and it isn't far-fetched to imaging them taking and retooling many GM and Ford plants.
6i kind of feel like it's still too early to tell what the future is going to hold for us. there could be more bad times for us to come but there could also be hope that things could turn around. i'm really trying to be positive though.
7I dunno.
8No, I think things are still pretty volatile. It seems like every week another crisis situation hits.
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