The Death of Citibank – The Weekly Wrap Up With Peter And Matt

In case you missed this soft little by line in the newspapers, banking Goliath, Citibank is going to go bye bye. Imagine, the stock is trading at $4 a share right now. Who da thunk it!

Cash woes continue at Bank Of America, causing an 18% drop in the stock value, this week alone.

What is going on? Well a few months back, we called on this very call the banking sector shaking was NOT over. And true to form we are starting to see more issues for the banks.

You’ll also hear us discuss:

• The Obama Bounce in stocks.

• Why Obama is looking more and more like Bush III in his economic policies.

• When 1 Trillion isn’t enough.

• Praying for the new administration.

Enjoy the weekly call.

To listen to the call, just click here.

Peter Han and Matt Gillogly

Popularity: unranked