Citigroup Day...

It is Citigroup Day.  Missmarketcrash has not read anything remotely cheerleader-y about what is expected to be announced.  It has been anticipated all week, and, what better day than a Friday?  Word has it that bailout number 3 has been structured in a way so that it is "not nationalization" and will depend on an equal contribution from private investors to justify the phrase "Government Stake" rather than the N-word.  On the news-for-the-people side, the criticism is massive by those that have deconstructed the rather complex plan down to its naked self.  From the murmurs of the investment world, it is "unclear" whether private investors would convert preferred stock, but, word has it both the Singapore Government Investing Fund and that Saudi Prince will be converting.  From the gambling side of individual investors, there seems to be some momentum to short the stock which will not particularly help matters.  With that, a Missoni-knit up and down chart is on the deck for the time being.

I shall await the announcement and get back to you, but, I must say, it does seem an awful lot of thought and discussion has gone into rescue number 3.  And no matter what, anything the banks or the U.S. government does will be met with criticism.  Perhaps a star or two can be given out to the Government for at least thinking about this one a bit more.

Rare or Medium Rare?

Pass the sauce.  It is not going to be called nationalization.  It is going to be called

Government Stake.

Yes this is my third post today.  The markets have just bled down to 1997 levels.  Citigroup has appears to have failed its stress test in a big way.  Worrisome bloody week even though it all seems so obvious.

And, no.  You can't have it well-done.

Instead, I was stuck with the spiders

"It wasn't me, it was my brain that did it" said the four year old.  Ok then.  Not you, but, your brain started shouting at 530am to wake up the entire house.  With things going the way they are in the world, I'm surprised my brain did not clasp hands with yours and shriek in unison.

My brain was quietly dreaming. I  watched thousands of spiders crawl through black text, scurrying this way and that, in jerky motion.  Acting lost, reacting in panicky little bursts which carried them to and fro, meeting each other and repelling.  The surface was a steep vertical, almost two-dimensional.  It was obviously the bank investigation thing.  

If I had only filled my brain with something different and delicious before sleep.  Instead, I was stuck with the spiders.