Collapse of Citigroup

Waterman · 11-27-2008, 02:09 AM

Here is a link to the article about Citigroup collapsing.
http://corditecountry.onyour6.com/

And in the meantime I'm checking out the Lakota Bank information. It may not be anything but a well conceived fraud.

More Later...

Here is a quote from the article.

"The first and most obvious hardship is that you could be denied immediate access to most or all of your money for an indefinite period. What about government agency guarantees like FDIC insurance? A large proportion of those guarantees, unfortunately, would have to be suspended in order to give banking regulators the time they need to sort out the mess.

It is simply not reasonable to expect that governments will have the resources to immediately meet the demands of thousands of institutions and millions of individuals if they all want their money back at roughly the same time."

11-27-2008, 02:09 AM	#1
Waterman Avalon Senior Member Join Date: Sep 2008 Posts: 345	Collapse of Citigroup Here is a link to the article about Citigroup collapsing. http://corditecountry.onyour6.com/ And in the meantime I'm checking out the Lakota Bank information. It may not be anything but a well conceived fraud. More Later... Here is a quote from the article. "The first and most obvious hardship is that you could be denied immediate access to most or all of your money for an indefinite period. What about government agency guarantees like FDIC insurance? A large proportion of those guarantees, unfortunately, would have to be suspended in order to give banking regulators the time they need to sort out the mess. It is simply not reasonable to expect that governments will have the resources to immediately meet the demands of thousands of institutions and millions of individuals if they all want their money back at roughly the same time." Last edited by Waterman; 11-27-2008 at 02:26 AM.