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:


Where do you think the Dow Jones Industrial Average will end 2009?

Below 6000
Between 6000 and 7500
Between 7500 and 9000
Above 9000

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.

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