Budro31

Blame Citigroup's Woes on the Citi-Travelers Merger

For many years, Citigroup has been an interesting sleighride.... All the way back from my original American Can holdings in the 50's through PriAmerica, Travelers and finally being morphed into Citigroup. The ride has been quite rewarding however when Bobby Rubin came on board, I had a cold chill sitting on the railed buckboard. Not surprising, my letter expressing concern directed to Sandy Weill went unanswered. In retrospect, he obviously was not a responder to fan-mail. Then with that Prince of a guy taking the reins, I possibly should have bailed out into a snow bank on seeing the horse lifting its tail... but did'nt.
"Merry Christmas all ye bold investors." Citi will rise again!