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AIG, GM, Ctit, to give big profit!!!!

8:06pm: Officials turn up heat on troubled insurer: Obama says he wants to block $165 million in bonuses. New York AG vows to force firm to name execs. More

teeth53      ( Date: 16-Mar-2009 12:29) Posted: Look like AIG CEO Edward Liddy is the 1st to get the sack. He has just got job done ..he has choosen the most easy-est way to get it done, the 1st to be let go... "It makes me angry. I slammed the phone more than a few times on discussing AIG," Bernanke said. "It's _ it's just absolutely _ teeth53      ( Date: 16-Mar-2009 11:28) Posted: Just for info sharing....http://money.cnn.com/2009/03/15/news/companies/barr_aig.fortune/index.htm NEW YORK (Fortune) -- AIG gave in to demands from Congress Sunday, naming the banks that pocketed billions of dollars. AIG, facing intensifying scrutiny of its pay practices and questions The list is topped by numerous European institutions and two big Wall Street firms, Goldman Sachs (GS, Fortune 500) and Merrill Lynch (ML). AIG, which has avoided bankruptcy only because of $170 billion worth of taxpayer funding, http://money.cnn.com/2009/03/15/news/companies/bloch_aig/index.htm (CNN) -- Under pressure from the Treasury, insurance giant AIG - Liddy pledges to reduce 2009 bonus payments - which AIG refers to as "retention payments" - by at least 30 percent. Liddy says the unit's 25 highest-paid contract employees will reduce their salaries to $1 this year and all other officers in the unit will reduce their salaries by 10 percent. Other "non-cash compensation" will be reduced or eliminated. The company, which lost a record $62 billion dollars in the fourth quarter of 2008, has more than 74 million insurance policies issued in 130 countries around the world. The London-based unit responsible for issuing the risky credit default swaps - basically insurance against losses from bad loans - which on several occasions has brought the company to the brink of collapse, about the long-term consequences of the actions we are taking today." A recipient of at least US$170 billion in federal bailout money - is scaling back bonuses and compensation for some of its top-earning employees. if employees believe that their compensation is subject to continued and arbitrary adjustment by the U.S. Treasury." the company will have trouble attracting and retaining "the best and the brightest ... teeth53 thot: the door is always open and they can most welcome to leave and why trouble attracting them when they are about to bring AIG to brink of collapse, somemore what bonus they want...Ya

 

Take some profit off the table first...for myself..DYODD

 

Look like AIG CEO Edward Liddy is the 1st to get the sack. He has just got job done ..he has choosen the most easy-est way to get it done, the 1st to be let go...

"It makes me angry. I slammed the phone more than a few times on discussing AIG," Bernanke said. "It's _ it's just absolutely _

teeth53      ( Date: 16-Mar-2009 11:28) Posted: Just for info sharing....http://money.cnn.com/2009/03/15/news/companies/barr_aig.fortune/index.htm NEW YORK (Fortune) -- AIG gave in to demands from Congress Sunday, naming the banks that pocketed billions of dollars. AIG, facing intensifying scrutiny of its pay practices and questions The list is topped by numerous European institutions and two big Wall Street firms, Goldman Sachs (GS, Fortune 500) and Merrill Lynch (ML). AIG, which has avoided bankruptcy only because of $170 billion worth of taxpayer funding, http://money.cnn.com/2009/03/15/news/companies/bloch_aig/index.htm (CNN) -- Under pressure from the Treasury, insurance giant AIG - Liddy pledges to reduce 2009 bonus payments - which AIG refers to as "retention payments" - by at least 30 percent. Liddy says the unit's 25 highest-paid contract employees will reduce their salaries to $1 this year and all other officers in the unit will reduce their salaries by 10 percent. Other "non-cash compensation" will be reduced or eliminated. The company, which lost a record $62 billion dollars in the fourth quarter of 2008, has more than 74 million insurance policies issued in 130 countries around the world. The London-based unit responsible for issuing the risky credit default swaps - basically insurance against losses from bad loans - which on several occasions has brought the company to the brink of collapse, about the long-term consequences of the actions we are taking today." A recipient of at least US$170 billion in federal bailout money - is scaling back bonuses and compensation for some of its top-earning employees. if employees believe that their compensation is subject to continued and arbitrary adjustment by the U.S. Treasury." the company will have trouble attracting and retaining "the best and the brightest ... teeth53 thot: the door is always open and they can most welcome to leave and why trouble attracting them when they are about to bring AIG to brink of collapse, somemore what bonus they want...Ya

 

Just for info sharing....http://money.cnn.com/2009/03/15/news/companies/barr_aig.fortune/index.htm

NEW YORK (Fortune) -- AIG gave in to demands from Congress Sunday, naming the banks that pocketed billions of dollars. AIG, facing intensifying scrutiny of its pay practices and questions The list is topped by numerous European institutions and two big Wall Street firms, Goldman Sachs (GS, Fortune 500) and Merrill Lynch (ML).

AIG, which has avoided bankruptcy only because of $170 billion worth of taxpayer funding,

http://money.cnn.com/2009/03/15/news/companies/bloch_aig/index.htm

(CNN) -- Under pressure from the Treasury, insurance giant AIG - Liddy pledges to reduce 2009 bonus payments - which AIG refers to as "retention payments" - by at least 30 percent. Liddy says the unit's 25 highest-paid contract employees will reduce their salaries to $1 this year and all other officers in the unit will reduce their salaries by 10 percent. Other "non-cash compensation" will be reduced or eliminated.

The company, which lost a record $62 billion dollars in the fourth quarter of 2008, has more than 74 million insurance policies issued in 130 countries around the world.

The London-based unit responsible for issuing the risky credit default swaps - basically insurance against losses from bad loans - which on several occasions has brought the company to the brink of collapse, about the long-term consequences of the actions we are taking today."

A recipient of at least US$170 billion in federal bailout money - is scaling back bonuses and compensation for some of its top-earning employees. if employees believe that their compensation is subject to continued and arbitrary adjustment by the U.S. Treasury." the company will have trouble attracting and retaining "the best and the brightest ...

teeth53 thot: the door is always open and they can most welcome to leave and why trouble attracting them when they are about to bring AIG to brink of collapse, somemore what bonus they want...Ya

 

Well...just like gold and silver i am looking at the bigger picture and long term...say 2 years...if 70% of them survive, my return will be 110%.. So now, i am putting another 10%...pls DYODD..

 

Actually, it is stupid to buy citi and the like, but we only put in 10%...so our risk is just limit to 10%...i would not suggest you buy head in and with both hand over fist...with all your $

This 10% got a good chance to gain a few hundred % back...to makeup for our losses currently.

Let say out of 10..you got 5 go under and the other 5 survive...i strongly believe those who survive will be worth at least a few time more than now..let say 3 times..your return is still 50%..

And , do you think 50% go under, i can only see 20 to 30% of them as potentially to go bust...so your return will definitely be much more and for sure...

Extreme case is all go bust....very unlikely..

 

Last thur bgt 10 lots citicorp at $1.22 b 4 it plunge further to $1.05 and <$1 on Monday...but shot up and cleared all at $1.70 when news ab to be announced return to profit in jan-feb period....farnk advice avoid suspect all the profits are cooked up..avoid..sell including AIG

 

US stock investment....Invincible high risk and feasible no return, valid at least for a year from now.

AK_Francis      ( Date: 12-Mar-2009 09:50) Posted: US ah!! Hi risk n hi return, Goldman Sachs, closed at 92.39, up 7 USD last nite, with DJ merely rises 3.91. Cheapest bk now, Citi, closed at 1.54 since low below a dollar days ago. JpMorgan, well 20.14, Other bks around this px as well. All doing fine last nite. Ah wee, how about make your foot print into HK, HSI? Since, u are d smart adventurer.

 

US ah!! Hi risk n hi return, Goldman Sachs, closed at 92.39, up 7 USD last nite, with DJ merely rises 3.91.

Cheapest bk now, Citi, closed at 1.54 since low below a dollar days ago.

JpMorgan, well 20.14, Other bks around this px as well. All doing fine last nite.

Ah wee, how about make your foot print into HK, HSI? Since, u are d smart adventurer.

 

Investing in US capital market now....You are indirectly participate for bailingout US ballooning debt/deficit. You may loss your entire investment senses!

cheongwee      ( Date: 12-Mar-2009 02:10) Posted: I think so long JP Morgan nothing wrong...this one is a as big as citi, AIG and BAC combine..onli this big guy can cause serious damage... I see some go under...no sure which, but if we vest across..we will definitely reward handsomely..DYODD.. I will long here...i will accompany GIC and TH...

 

I think so long JP Morgan nothing wrong...this one is a as big as citi, AIG and BAC combine..onli this big guy can cause serious damage...

I see some go under...no sure which, but if we vest across..we will definitely reward handsomely..DYODD..

I will long here...i will accompany GIC and TH...

 

http://money.cnn.com/2009/03/11/markets/markets_newyork/index.htm?postversion=2009031111

Wall Street tries to stretch the rally. Major gauges inch higher one day after big advance. DOW  29.39  +0.42%  6,955.88

Another reason for DOW...and consumer confident..investors were encouraged by Federal Reserve Chairman Ben Bernanke's call for an overhaul of the country's financial regulatory system. Speaking before the Council on Foreign Relations, Bernanke said companies deemed "too big to fail" must be subject to more rigorous supervision to prevent them from taking on excessive risk.

Bernanke's remarks come as the Obama administration and Congress begin to devise their overhaul strategies.

 

teeth53 thot: One up for Citi's the bright spark, Citi is 1st bank withstood the tough test, this's good news leading market to it best day of '09. The Dow finished at 6,926.49, its highest close since late Feb. All 30 of the Dow industrial stocks gained ground. Citi itself finished at $1.45, a gain of 40 cents.

http://sg.news.yahoo.com/ap/20090311/twl

Citigroup Chief Executive Vikram Pandit said in a letter to employees that the bank had operated at a profit for the first two months of this year and was on track, based on historical trends, to make $8.3 billion for the quarter.

Pandit said the bank has had its best performance since the third quarter of 2007, the last time it booked a quarterly profit.

teeth53      ( Date: 10-Mar-2009 22:10) Posted: Meanwhile ia all depend on....see www.money.cnn.com for more info... Bernanke: Recovery depends on reform 9:11am: Federal Reserve chairman proposes changes, saying that stabilizing the financial system is the key to economic rebound.  More http://sg.news.yahoo.com/afp/20090310/tts-finance-economy-world-c1b2fc3.html World faces 'Great Recession': IMF chief... teeth53 thot: Citi is one bank withstood the tough test, mindset of share holders and majority of independent directors must have single minded set for setting those record strengthen and old rules n regulation must be ween out. teeth53      ( Date: 10-Mar-2009 21:35) Posted: http://money.cnn.com/2009/03/10/news/companies/citi_profitable.reut/index.htm Citigroup Inc profitable in the first two months of 2009 and is confident about its capital strength after tough internal stress tests, Chief Executive Vikram Pandit told staff in an open letter. The New York-based bank has received $45 billion from the taxpayer-funded Troubled Asset Relief Program (TARP), and last month agreed to give the government up to a 36 percent equity stake in the company to bolster its capital base. Pandit said that deal would leave Citi "the strongest capitalized large U.S. bank as measured by tangible common equity (TCE) and Tier 1 ratios." teeth53: Those need to go is those w/o solution are those old foxes and not the organisation

 

Meanwhile ia all depend on....see www.money.cnn.com for more info...

http://sg.news.yahoo.com/afp/20090310/tts-finance-economy-world-c1b2fc3.html

World faces 'Great Recession': IMF chief...

teeth53 thot: Citi is one bank withstood the tough test, mindset of share holders and majority of independent directors must have single minded set for setting those record strengthen and old rules n regulation must be ween out.

teeth53      ( Date: 10-Mar-2009 21:35) Posted: http://money.cnn.com/2009/03/10/news/companies/citi_profitable.reut/index.htm Citigroup Inc profitable in the first two months of 2009 and is confident about its capital strength after tough internal stress tests, Chief Executive Vikram Pandit told staff in an open letter. The New York-based bank has received $45 billion from the taxpayer-funded Troubled Asset Relief Program (TARP), and last month agreed to give the government up to a 36 percent equity stake in the company to bolster its capital base. Pandit said that deal would leave Citi "the strongest capitalized large U.S. bank as measured by tangible common equity (TCE) and Tier 1 ratios." teeth53: Those need to go is those w/o solution are those old foxes and not the organisation kwphan      ( Date: 10-Mar-2009 08:45) Posted: Coming soon to a screen near you! Good luck. Time to kill the big banks? Two key Republican senators suggest that troubled big banks should be allowed to fail. It is an idea with merit but it may not be that simple.

 

http://money.cnn.com/2009/03/10/news/companies/citi_profitable.reut/index.htm

Citigroup Inc profitable in the first two months of 2009 and is confident about its capital strength after tough internal stress tests, Chief Executive Vikram Pandit told staff in an open letter. The New York-based bank has received $45 billion from the taxpayer-funded Troubled Asset Relief Program (TARP), and last month agreed to give the government up to a 36 percent equity stake in the company to bolster its capital base.

Pandit said that deal would leave Citi "the strongest capitalized large U.S. bank as measured by tangible common equity (TCE) and Tier 1 ratios."

teeth53: Those need to go is those w/o solution are those old foxes and not the organisation

kwphan      ( Date: 10-Mar-2009 08:45) Posted: Coming soon to a screen near you! Good luck. Time to kill the big banks? Two key Republican senators suggest that troubled big banks should be allowed to fail. It is an idea with merit but it may not be that simple. kwphan      ( Date: 08-Mar-2009 09:01) Posted: It'll be a total annihilation - you cry also no tears. All are going to be nationalised soon.

 

Coming soon to a screen near you! Good luck.

Time to kill the big banks?

Two key Republican senators suggest that troubled big banks should be allowed to fail. It is an idea with merit but it may not be that simple.

kwphan      ( Date: 08-Mar-2009 09:01) Posted: It'll be a total annihilation - you cry also no tears. All are going to be nationalised soon. cheongwee      ( Date: 08-Mar-2009 01:12) Posted: I know to call buy on these are nut, but if...if ever those who survive the crises...our reward of owning them is multi fold... Supposing i buy 10 counters with same amount of $...and 5 survive and 5 go under...those who survive give 3 to 4 times return...i still manage to profit handsomely....do u see what i see.. I am betting on 60 to 70% of them surviving the crises.. .......my close friend dont agree..what abt you ..say something...to share.. thank so far for your respond.. I am not suggesting u to take risk..pls DYODD..

 

I am stuck with citigroup too... no choice but wait for a better day....

 

Ha.. I've the same thought. But risk is high, so just a 10% of your porfolio and spread out to all counters. Not sure of their debts... must check. I like in order of pref: BOA, citi, GM, AIG.
What about GE?? Warren bought this some time back. In fact, he did not buy BOA, citi, GM and AIG.Why?

cheongwee      ( Date: 06-Mar-2009 20:47) Posted: I think since AIG, Citi, GM and the like just wont go away with the full backing of the govt... Then in future when economy turn the corner, i wont be surprise they will give  handsome profit to the tune of at least multiple return.. I suggest putting some $ here for long term...this is amount to gambling...pls DYODD. But so long they wont go bankrupt, which is unlikely with govt backing...i do see a future for them when crises is over... I means just a little  $ like say 10% of $ to bet against them to survive...DYODD

 

Only lately i bought 1.5k of citi (just to try). Drop somemore... Not sad for my case as it is small sum only. I'm ready to forego as it is just a very small portion of my porfolio. Intend to buy a bit more later on just ot bet on it and keep long long term.

However, actually i'm very sad to GIC and TH losing money. Indeed we should cry together...will take a long long time to recover... Sad....They should use the 30% buy first , then scale up on 30% profit. If lost 20%, cut loss... I'm trying this and it works quite well. The lesson here is never put all your eggs in one basket. Anything can go wrong...

cheongwee      ( Date: 08-Mar-2009 11:24) Posted: Actually, if we got nationalism in us, we should cry togather also, whether or not presonnally own the stock.. Because, our country hard earned  money thro GIC and TH...are vested here...unless you are a PR or foreigner.. Thank ..it is done..i am gambling,...i dont know how to cry. We as the citizen should be sad and cry together. our hard earned money are vested here..thro' GIC and TH..you forgotten??

 

Actually, if we got nationalism in us, we should cry togather also, whether or not presonnally own the stock..

Because, our country hard earned  money thro GIC and TH...are vested here...unless you are a PR or foreigner..

Thank ..it is done..i am gambling,...i dont know how to cry.

We as the citizen should be sad and cry together. our hard earned money are vested here..thro' GIC and TH..you forgotten??