cue the lightning bolts

the only question that matters: is it true?

Iran has signed the NPT. As a signatory to the NPT, Iran may rightfully, legally, use nuclear technology for peaceful energy purposes. Iran has submitted to and passed repeated IAEA inspections. The US intelligence community (NIE) does not consider Iran a nuclear threat. Israel refuses to sign the NPT. Israel has an estimated several hundred undeclared nuclear weapons. Russia and China have warned that an attack on Iran will have global consequences. That's the situation in a nutshell. Where to next, people? Where to?

Have I now become your enemy by telling you the truth? - Galatians 4:16

2.27.2009

Treasury set to convert Citi preferred to common

NEW YORK (Reuters) - The Treasury Department announced on Friday that it will convert a significant share of the preferred stock it holds in struggling bank Citigroup Inc to common stock as long as others also do so.

In an early-morning announcement, Treasury said it would convert dollar-for-dollar its preferred shares to match conversions by private preferred holders in a bid to strengthen Citigroup's capital base.

Read more @ Reuters


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