al s

Candidates to Replace GM, Citigroup in the Dow

To the comment that asked why replace Citi, C needs to be replaced because it is a dead bank walking. It "only failed" the stress test by $5 Bil. BECAUSE THE FED GAVE THEM CREDIT FOR THE $50 BIL. THEY ARE GOING TO CONVERT FROM PREFERRED TO COMMON !!!!
The reality is that C needed %55 Bil. under the test, far more trhan any other institution. From a competitive standpoint they are a weakened institution with BAC. Wells, JP Chase, eating thir lunch.
Remember they sold more than half of Smith Barney, Germany, The Japanese investment and broakerage businesses, a bunch of foreign credit card businesses, AND WHO KNOWS WHAT ELSE IN THE FUTURE !!!!!!
SO, WHAT DO YOU THINK WILL REPLACE THESE REVENUE STREAMS THAT NO LONGER EXIST ??????? In addition, they still have $1.5 T !!!!!! of special vehicles on the books that are CRAP !!!!
GEt them off the DOW and put on a real bank like WELLS !!!!1