Redman

Vikram Pandit Rejects CitiSachs?

Maybe Citi had it's eye on Wachovia at the time. They are also smiting from their complete structural breakdown and "pride" surely had it's place in the scheme of things. When you get right down to it...Citi is right back where they started under John Reed..albeit with a slightly higher stock price.

Why Is Everybody Selling as Buffett Is Loading Up?

Buffet can afford to wait...but he could be early and wrong this time around...consider his previous over-weight allocation in insurance.
Sure he'll get a 10% dividend on his preferred shares..IF..Goldman and GE don't have future problems. Nothing is sacred in this atmosphere..even Buffet.