{"id":1513,"date":"2011-05-26T15:38:19","date_gmt":"2011-05-26T13:38:19","guid":{"rendered":"http:\/\/www.military-history.us\/?p=1513"},"modified":"2011-05-26T19:27:24","modified_gmt":"2011-05-26T17:27:24","slug":"i-hate-citigroup","status":"publish","type":"post","link":"https:\/\/www.military-history.us\/2011\/05\/i-hate-citigroup\/","title":{"rendered":"I hate Citigroup"},"content":{"rendered":"

I dabble in the stock market and one of the stocks I owned until recently was 5 shares of Citigroup stock. \u00a0 I picked it up in late 2008 at $6 a share hoping to vulture-like profit share. \u00a0 In the interests of full disclosure, I bought it before they got any TARP money<\/em><\/strong>. \u00a0 It has since declined even further and sat in my stock portfolio like unwanted cheesecake consistently valued at less than I paid for it. \u00a0 I decided about a year ago that as soon as it broke even I would sell it and wash my hands of the company I dislike anyway.<\/p>\n

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Image from www.SangLucci.com<\/p><\/div>\n

I dislike Citigroup because of the way they treat customers and the way they manage the Government travel card. \u00a0 I have a government travel card for the not so frequent TDY trips I have to take for work. \u00a0 Their customer service sucks to say the least when you are trying to check out of a hotel in a foreign country and you Travel Card does not work. \u00a0 I have gotten to the point where I just use my personal credit card when that happens. \u00a0 I think the best answer I got from a Citibank rep was when one asked me why I had to be in Europe, then I would not have to use my card there in the first place.<\/p>\n

Now I really hate them.<\/strong> I checked my stock portfolio today. \u00a0 On May 6, Citi did a reverse 10-1 stock split<\/a>, which means that if you had 10 shares before, you now have one<\/a>, it also coincidentally magically raises their stock price by a factor of ten. \u00a0 I only had 5 shares so that left me with 0.5 shares and apparently you are only allowed to have full shares so I was forced to sell my half share back to Citi at the days market price. \u00a0 I lost $10 on the deal, that is $10 of the original $30 I had invested in them. \u00a0 So because they engaged in a cynical play to artificially raise their stock price I had to suck up a %30 loss in my, admittedly, small investment.<\/p>\n

And that is why I hate Citigroup and hope the bank fails, they are certainly never getting any of my business. \u00a0 If they were the last bank in the world I would use a shoebox in my backyard before depositing anything with them.<\/span><\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

I dabble in the stock market and one of the stocks I owned until recently was 5 shares of Citigroup stock. \u00a0 I picked it up in late 2008 at $6 a share hoping to vulture-like profit share. \u00a0 In… Continue Reading →<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[125,1226],"tags":[100],"class_list":["post-1513","post","type-post","status-publish","format-standard","hentry","category-current-events","category-non-historical-asides","tag-rambles"],"_links":{"self":[{"href":"https:\/\/www.military-history.us\/wp-json\/wp\/v2\/posts\/1513","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.military-history.us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.military-history.us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.military-history.us\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.military-history.us\/wp-json\/wp\/v2\/comments?post=1513"}],"version-history":[{"count":0,"href":"https:\/\/www.military-history.us\/wp-json\/wp\/v2\/posts\/1513\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.military-history.us\/wp-json\/wp\/v2\/media?parent=1513"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.military-history.us\/wp-json\/wp\/v2\/categories?post=1513"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.military-history.us\/wp-json\/wp\/v2\/tags?post=1513"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}