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If Citi were to fail, you would still owe on your CitiCard and your Citimortgage.

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Stinky The Clown Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-24-08 04:06 PM
Original message
If Citi were to fail, you would still owe on your CitiCard and your Citimortgage.
If GM fails, your Hummer or Escalade warranty is worth shit and the retirees get to eat cat food.

Such a country.
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yardwork Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-24-08 04:07 PM
Response to Original message
1. I know. We lose some and we....lose some.
Hey, we lose both ways! How do they get away with that?
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amdezurik Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-24-08 04:12 PM
Response to Original message
2. Oh you betcha!
They would sell it's "assets" (your debts) for pennies on the dollar and the buyer (our gov't?) would dun you until you died then go after whoever is left alive in your family.
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Crazy Dave Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-24-08 04:12 PM
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3. But the CEOs will still get to retire nicely
But they may have to settle on a 10k sq. ft. mansion vs. a 20k one
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