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Cramer's Mad Money - Citigroup Is the Next Chrysler (8/19/09)

Oh, Cramer is correct about Citi following Chrysler, but his timing is off. Citi will follow the 2009 model of the car maker and declare bankruptcy !!!

Citi has sold off its best revenue producing franchises/businesses and is still saddled with $1.5 Trillion of crap assets off the books. Look at Citi's competitive positioning compare to JP chase, Wells, BofA, even Capital One or TD, they are a third tier player now.
Let's see when Citi pays back the $45 Bil to uncle Sam, and we sure can expect common share appreciation with now 5.5 or so BILLION !!!!! common shares outstanding.
Yeah, stategically Citi is sooooo "well" positioned for success.