Redman

Is It Time to Put Citigroup Out of Its Misery?

This is an interesting concept..nay the fact that it would need cross-border regulatory approval...not to mention approval from Citi's Mid-east investors as well.
I remember in the 90's when Citi was trading below $10...and was referred to as "sh-itty bank". Then came Weill & Co. and turned it into the future mess that it became!
On another note...I also find it amazing that despite all the problems the brokers and banks have...they can still find it in their money-hungry hearts to downgrade (rate) their peers. The marketplace has entered a stage that I haven't seen in almost 30 years in the biz...complete 'mundo bizarro'..I mean look at the extremes...if this isn't the proverbial "accident waiting to happen"..then I'm not quite sure what truly will occur.