Thread: Abu Dhabi Fund Seeks to End Citigroup Share Purchase

There's always going to be winners and there's always going to be losers. The bigger issue at hand is- maybe Abu Dhabi really is in liquidity troubles and can't afford to buy Citi at $31 as previously agreed...

Originally Posted by Silverbird

Saying it was misled, the Abu Dhabi Investment Authority is trying to kill an agreement to buy $7.5 billion of Citi stock at eight times today's price

http://www.businessweek.com/globalbi...osition=link12
[Sure investment, right? Ssssuuurrreee!]

HAhahhah......

"Subprime was contained...." - Hank Paulson

SUCKERS!!!!!!!

Originally Posted by Bullitt

There's always going to be winners and there's always going to be losers. The bigger issue at hand is- maybe Abu Dhabi really is in liquidity troubles and can't afford to buy Citi at $31 as previously agreed...

Where did they get the $10B to loan to Dubai World this past Sunday?

Denninger commented on this yesterday. Second post on this page:
http://market-ticker.denninger.net/archives/P4.html

Maybe the $8B loan from Citi will just be cancelled. I think it was our money that was loaned anyway.

Originally Posted by 350zCommTech

Where did they get the $10B to loan to Dubai World this past Sunday?

I have my theories, but I can see the collateral being invested back home in US Treasuries.

I say screw these guys. They speculated on a POS company and lost. Where's my refund?

This is dilution in progress. Anyone who believes this administration won't succeed in trying to inflate has been reading too much John Mauldin on the weekend.

The Citi shares/person ratio is 4.22. There are only four other US stocks that have enough shares outstanding to give every person in the world at least one share -- General Electric (1.59 shares/person), Bank of America (1.48), Microsoft (1.33), and Pfizer (1.21).

http://www.bespokeinvest.com/bespoke...the-world.html