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Brad Ferris » Comments » Single Comment
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- Bad Management
Nov 25 11:05 am
|Rating:
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All Comments by Brad Ferris »How Did Citigroup End Up in Crisis? [View article]
- Bad balance sheet
- Bad risk assessment
- Bad timing
Clear the board, put in a new CEO and sell off anything that's non-core on this gigantic beast of a bank. Their derivative & mortgage portfolio will likely turn out to be a bull in a china shop & unless the government has an endless supply of crazy glue there will be a lot of broken dishes yet to come.