Did we just get our Money back from Citi?

[Skink]

To me this stock conversion seems like a solution that could work at all the banks. The investors did not get wiped out. They stand to profit just like the Government if the stock goes up and at some point the Government can slowly start selling it's shares that could be worth substantial amounts.

[readmoreoften]

1. I doubt it.

These solutions are hairspray for glue. The system is in collapse.

[DJ13]

2. The investors did not get wiped out.

.....completely.......yet.

They are already pretty wiped out if you consider the stock price from just a year ago.

One thing we (and Obama) always need to remember is that investing has always had risk, and people should lose out if they made the wrong bet.

[Skink]

3. Citi stock could given time rebound.

I'm guessing we got the stock price at the close of Mondays trading.

[marketcrazy1]

4. there has not been

any conversion to common yet. it is an idea being floated and if it does happen it will mean an INSTANT LOSS for taxpayers.

[GoesTo11]

6. Might be a good idea to

imprison all Citibank executives from the last decade and take everything they own from their Cayman Island and Swiss accounts. That might help cover some of the bailout money.

[girl gone mad]

5. If the preferred shares are converted..

it would amount to an instant $20B to $40B loss to the taxpayer.