Moss

Citigroup Earnings Drop 57%, Beats Estimates

I don't know if I quite agree with the statement that CEO Chuck Prince should not take some responsibility for these losses. They happened on his watch and if he (and the other heads of banks for that matter) didn't see the credit crisis coming then they need to step down. Investing in loands for people with bad credit just sounds like a bad business plan. However, overall I feel that the rest of Citigroup's management seems up to the task of turning the company around www.newsvisual.com/new... . If we get similar numbers for Q4 and the first quarter 2008, maybe Citigroup should look at some serious changes.