Citi Rescue Gives Prince, Singapore Sweeter Terms

Posted by on March 2, 2009 6 Comments

It’s good to be a Saudi prince. And it’s good to be an investment company backed by the government of Singapore, or a former Citigroup chief executive.

Bloomberg

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6 Responses to “Citi Rescue Gives Prince, Singapore Sweeter Terms”

  1. I Can Honestly Say . . . 2 March 2009

    of course!

    Afterall, we are world class!!!

  2. Ah Ter 2 March 2009

    I not bombastic wan.
    Could someone translate the quotes? I no no what it means.
    thanks.

  3. catch22 3 March 2009

    Think GIC is in a catch 22 situation. Not to convert and the preferred stocks might be worthless in time to come.

    Convert and now subject itself to possibly national hatred by the americans for having special treatment by citigroup using bailout money (tax payers’ money).

    Let’s hope it’s not another Shin Corp debacle by GIC again.

  4. smallvice585 3 March 2009

    What Bloomberg meant is it is good to be extremely rich during extra-ordinary times such as the current global depression.

  5. Just pray for the best lah 3 March 2009

    First, preferred.
    Now, conversion to ordinary.
    Next, further conversion of others and dilution of existing ordinary ?????

  6. Fribbles 3 March 2009

    Be prepared to migrate… very very soon.