Citibank deposits safe ?

Discussion in 'Chit Chat' started by Kicking, Aug 25, 2009.

  1. Would you keep a substantial amount of your net worth in a Citibank CD, offered by a foreign subsidiary, Citibank in the Netherlands for example ?

    I heard Citi is or was de facto bankrupt, what happens if housing keeps going down and CMBS go the subprime way, and same for creditcards and business loans ? Local govt guarantee all deposits but what is backing the govt ? Looking for educated answers
  2. suggest guns, canned goods, edible gold, printed porn (internet may be disabled), dried water.