Citibank and BofA

Translation:

Alzright, enuffz enuff...let dem failz

what prompted this?

short-seller looking to cover at lower price

Although they denied it, both banks have magically found that some of it's subs may have used 'repo's ala lehman to hide it's true leverage at quarter ends. There will be a Mia culpa stmt in the am. Flmao.

I wish I was short the banks but it costs too much to do it and I'm afraid geitner may prohibit shorts against financials again, bc he is in their cookie jar.

No mia culpa, that's the advantage of being wards of the State. Moynihan is WH private sector version of BF and C is, well you know the rest.

Don't you have FDIC insured money stuffed inside those turkeyz?

The turkey would be citibank. My business chking.

both up 4+% today -- where was the annoucement?

Dow up 2.5%. Let's keep things in perspective.

I was flipping back btwen CNBC and the home shopping network, but I couldve sworn repos was about citi, and not the wrinkle cream.

> Dow up 2.5%. Let's keep things in perspective.

After going down over 10%

I'll take it, but the bigger perspective I still liked 11k better.

As a buyer of United States equities, I prefer the DOW at 10,000 than 11,000.

HAHA. Bill Ackman says you are WRONG

http://www.marketwatch.com/story/citigroup-shares-close-above-4-2010-05-27