24/7 Wall St.
11-23-2008, 05:20 PM
24/7 Wall St. Daily News
http://www.247wallst.com/images/2008/11/23/citi_logo.jpg</img> (http://247wallstreet.typepad.com/.shared/image.html?/photos/uncategorized/2008/11/23/citi_logo.jpg)There had been speculation for almost a week that the government has been trying to broker a marriage between Goldman Sachs (GS) and Citigroup (C). Goldman has apparently been cool toward taking on Citi's problems even if the Treasury and FDIC are willing to guarantee a large portion of the Citi balance sheet.
There is at least one more vote for Goldman Sachs, or Morgan Stanley to takeover Citi (C) with government help.
According to (http://www.bloomberg.com/apps/news?pid=20601087&sid=a.N9XSkr4KfE&refer=home) Bloomberg, Buying Citigroup “would be significantly accretive to Goldman and Morgan Stanley’s earnings as the potential buyer would be acquiring a significant future earnings stream for a relatively low price,” David Hendler, an analyst at CreditSights in New York, wrote in a report yesterday. The buyer “would probably receive government support if it was needed.”
Douglas A. McIntyre
http://feeds.feedburner.com/~f/typepad/RyNm?i=9rrMN</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=9rrMN) http://feeds.feedburner.com/~f/typepad/RyNm?i=GDdeN</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=GDdeN) http://feeds.feedburner.com/~f/typepad/RyNm?i=EnfOn</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=EnfOn)
complete story here... (http://www.247wallst.com/2008/11/a-vote-for-sell.html)
http://www.247wallst.com/images/2008/11/23/citi_logo.jpg</img> (http://247wallstreet.typepad.com/.shared/image.html?/photos/uncategorized/2008/11/23/citi_logo.jpg)There had been speculation for almost a week that the government has been trying to broker a marriage between Goldman Sachs (GS) and Citigroup (C). Goldman has apparently been cool toward taking on Citi's problems even if the Treasury and FDIC are willing to guarantee a large portion of the Citi balance sheet.
There is at least one more vote for Goldman Sachs, or Morgan Stanley to takeover Citi (C) with government help.
According to (http://www.bloomberg.com/apps/news?pid=20601087&sid=a.N9XSkr4KfE&refer=home) Bloomberg, Buying Citigroup “would be significantly accretive to Goldman and Morgan Stanley’s earnings as the potential buyer would be acquiring a significant future earnings stream for a relatively low price,” David Hendler, an analyst at CreditSights in New York, wrote in a report yesterday. The buyer “would probably receive government support if it was needed.”
Douglas A. McIntyre
http://feeds.feedburner.com/~f/typepad/RyNm?i=9rrMN</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=9rrMN) http://feeds.feedburner.com/~f/typepad/RyNm?i=GDdeN</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=GDdeN) http://feeds.feedburner.com/~f/typepad/RyNm?i=EnfOn</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=EnfOn)
complete story here... (http://www.247wallst.com/2008/11/a-vote-for-sell.html)