Trade Radar Operator

Citigroup's Doomed IT Strategy

Digs - please don't confuse productivity with cost savings. Everything is 10 times harder to accomplish and takes 10 times longer now that more systems and services are integrated and rationalized. You are spot on, however, in your assessment of Citi's auditors.

What the Heck is Citi Doing?

My point in this post is not to compare sub-prime loans to micro-loans (I realize they are dissimilar) but to point out that, even though Citi has become a whipping boy on Wall Street, they are still doing unusual financing. I do mention that Citi has been a big supporter of micro-finance but that they perhaps should expand existing initiatives rather than create more weird CDOs.