Wall Street Opinion: U.S. Wrong to Alter Citi Bailout
The opinion on Wall Street, by a narrow margin, is that Citigroup should have been left to sort things out or fail, according to an informal survey by TheStreet.com. Here are the results:
Was the U.S. government right to take a larger common stock stake in Citigroup?
Yes. We've needed this for some time. (32.58%)
Yes. But I didn't want to see the dividends suspended. (9.56%)
No. This is too close to nationalization. (17.87% )
No. The government should have made Citi sort things out or fail. (39.97%)
Today's Poll
Today we are asking where you think the Dow Jones Industrial Average will end 2009 after the
index fell below the 7000 level
for the first time in years Monday. Please vote:
Hall is the editor of
TheStreet.com
. Previously, he served as deputy editor and chief innovation officer at
The Orange County Register
and as a news manager at
Bloomberg News
in Frankfurt, Amsterdam and Washington, D.C. As a reporter, he covered business and financial markets, worked in both print and television in the U.S. and Europe, and conducted in-depth investigative coverage at
The Journal-Gazette
in Fort Wayne, Ind. His work also has been published in a variety of newspapers including
The Wall Street Journal
,
The New York Times
and
International Herald Tribune
. Hall received a bachelor�s degree in journalism and political science from The Ohio State University and has taken graduate management science courses at Boston University.
