BamBam

Citi's Management Looks Overmatched

I wanted to see a breakup of Citigroup during the bull market for financials. That would have added tremendous shareholder value and mitigated the scope of the current problems.

But, now is NOT the time for Pandit to sell off core assets at firesale prices. I want Citi to ride this out, preferably with an endorsement from the Gov't, while keeping all options open when times get better.

I suspect that some of the stories about Citi selling itself or dumping core assets are planted by competitors like Goldman Sachs, which is desperately trying to get its grubby hands on Citi's deposits.