tag:blogger.com,1999:blog-1529519433734975958.post569127223271356561..comments2023-11-05T01:32:12.181-08:00Comments on Mock The Market: Bank Capital Raising Frenzy ContinuesK10http://www.blogger.com/profile/00635420185722095187noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-1529519433734975958.post-32198975990077797202009-06-04T06:34:21.194-07:002009-06-04T06:34:21.194-07:00Zerohedge points out that Citi is preparing itself...Zerohedge points out that Citi is preparing itself for "creeping equitization", or converting more and more of the lower tiers of debt into equity. Whether that is the case or not remains to be seen, but still, can't be a good sign...K10https://www.blogger.com/profile/00635420185722095187noreply@blogger.comtag:blogger.com,1999:blog-1529519433734975958.post-53160475458925449112009-06-03T14:39:49.282-07:002009-06-03T14:39:49.282-07:00Awesome. Now Citi wants to up their common stock ...Awesome. Now Citi wants to up their common stock to 60 billion from 15 billion shares. <br /><br />http://app.quotemedia.com/quotetools/showFilingOutline.go?symbol=C&cp=off&name=CITIGROUP%20INC:%20PRER14A&link=http%3A//quotemedia.10kwizard.com/contents.xml%3Fipage%3D6362031<br /><br />What the hell?mrboguenoreply@blogger.comtag:blogger.com,1999:blog-1529519433734975958.post-38017946329001661992009-06-03T06:26:31.053-07:002009-06-03T06:26:31.053-07:00I definitely give the banks credit for raising cap...I definitely give the banks credit for raising capital right now. If I were a bank, I'd be issuing debt, equity, converts, warrants, you name it... You raise money when you can, not when you have to. But it's amazing how willing investors are to dive in and assume that everything is just going to back to normal in a few months.K10https://www.blogger.com/profile/00635420185722095187noreply@blogger.comtag:blogger.com,1999:blog-1529519433734975958.post-17093278299280744682009-06-03T05:57:17.441-07:002009-06-03T05:57:17.441-07:00Yeah, you almost have to give the banks some credi...Yeah, you almost have to give the banks some credit - at least they're selling high this time around, unlike the 2007 purchases under their stock buyback programs.Mr Wrightwoodhttps://www.blogger.com/profile/15000378383151942063noreply@blogger.comtag:blogger.com,1999:blog-1529519433734975958.post-39910833150819351842009-06-02T10:26:26.078-07:002009-06-02T10:26:26.078-07:00In other news, Abu Dhabi is selling a nice fat sta...In other news, Abu Dhabi is selling a nice fat stake in Barclays (obtained just in 2008):<br /><br />http://online.wsj.com/article/BT-CO-20090602-706512.html<br /><br />All these hefty equity sales after a killer runup are alittle fishy huh? But the market just keeps going up, so its OK! This runup was pretty impressive though :-(<br /><br />I gotta go now, to take my hourly dose of vicodin.mrboguenoreply@blogger.com