More SHIT Hitting Fan: Citigroup SUSPENDS REDEMPTIONS on $500 Million Fund

DriftingByTheStorm
DriftingByTheStorm Posts: 8,684
edited February 2008 in A Moving Train
Doors closed, buddy
Yeah, so you wan't your money?

Tough shit.
We can't give it to you.
We NEED it!

:rolleyes:

Everything is just hunky doory, huh?

In a functioning free market economy do the biggest banks in the land stop allowing investors to withdraw their invested funds?

Think about that.
If I was to smile and I held out my hand
If I opened it now would you not understand?
Post edited by Unknown User on

Comments

  • JOEJOEJOE
    JOEJOEJOE Posts: 10,829
    DriftingByTheStorm wrote:
    Doors closed, buddy
    Yeah, so you wan't your money?

    Tough shit.
    We can't give it to you.
    We NEED it!

    :rolleyes:

    Everything is just hunky doory, huh?

    In a functioning free market economy to the biggest banks in the land stop allowing investors to withdraw their invested funds?

    Think about that.

    This is either the beginning of a crash, or there is some bylaw that gives the fund the right to suspend redemptions!
  • Im still here
    Im still here Posts: 826
    DriftingByTheStorm wrote:
    Doors closed, buddy
    Yeah, so you wan't your money?

    Tough shit.
    We can't give it to you.
    We NEED it!

    :rolleyes:

    Everything is just hunky doory, huh?

    In a functioning free market economy to the biggest banks in the land stop allowing investors to withdraw their invested funds?

    Think about that.

    I'm glad I closed out my retirement fund in October when the Dow was at 14,000, one for me........
    PEARL JAM~Lubbock, TX. 10~18~00
    PEARL JAM~San Antonio, TX. 4~5~03
    INCUBUS~Houston, TX. 1~19~07
    INCUBUS~Denver, CO. 2~8~07
    Lollapalooza~Chicago, IL. 8~5~07
    INCUBUS~Austin, TX. 9~3~07
    Bonnaroo~Manchester, TN 6~14~08
  • JOEJOEJOE
    JOEJOEJOE Posts: 10,829
    Im still here wrote:
    I'm glad I closed out my retirement fund in October when the Dow was at 14,000, one for me........

    didja take distributions or just reallocate?
  • Im still here
    Im still here Posts: 826
    JOEJOEJOE wrote:
    didja take distributions or just reallocate?

    cashed it out

    money in my pocket

    10% penalty
    PEARL JAM~Lubbock, TX. 10~18~00
    PEARL JAM~San Antonio, TX. 4~5~03
    INCUBUS~Houston, TX. 1~19~07
    INCUBUS~Denver, CO. 2~8~07
    Lollapalooza~Chicago, IL. 8~5~07
    INCUBUS~Austin, TX. 9~3~07
    Bonnaroo~Manchester, TN 6~14~08
  • JOEJOEJOE
    JOEJOEJOE Posts: 10,829
    Im still here wrote:
    cashed it out

    money in my pocket

    10% penalty

    plus the normal income tax!

    Put it to good use..its costing you a lot!
  • Im still here
    Im still here Posts: 826
    JOEJOEJOE wrote:
    plus the normal income tax!

    Put it to good use..its costing you a lot!

    I don't pay income tax

    I paid in $1200 and got back $6000
    PEARL JAM~Lubbock, TX. 10~18~00
    PEARL JAM~San Antonio, TX. 4~5~03
    INCUBUS~Houston, TX. 1~19~07
    INCUBUS~Denver, CO. 2~8~07
    Lollapalooza~Chicago, IL. 8~5~07
    INCUBUS~Austin, TX. 9~3~07
    Bonnaroo~Manchester, TN 6~14~08

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