Reply #41: My two cents, CGrantt57.

[ozymandius]

Here at the Stock Market Watch, we like to avoid giving investment advice. But with respect to those who have responded to this query, they do so in good faith to this tenet. People have asked the question: how can I invest in a way that fits my political/social ideals? AnneD leads you to this prospect.

Now, for my two cents worth. I believe that Citi is looking to socialize its losses. More writedowns are coming. And I have reason to believe that Citi is going to get hit hard. The sovereign wealth funds are tapped out. There is only a limited amount that the Fed can do to help Citi without becoming a controlling partner in its operations (anathema to the role of the Fed). So the most available source of income comes from the public sector.

The thing about going public: Citi will have to open its books to public scrutiny. To me, that could be like opening Pandora's Box for the initial investor.

Caveat emptor, as always.