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Cramer's Mad Money - Return to the Forbidden Citi (12/19/08)

Thank you for pointing out this obvious fallacy - that Pandit rescued Citi in 1991 - a little research on the internet indicates the Pandit was working for Morgan Stanley at that time. Not likely that Morgan Stanley helped to rescue Citicorp, a large commercial bank.


On Dec 22 08:24 AM ResourceWise wrote:

> Miriam, you wrote: “Pandit was the architect of Citi’s turnaround
> in 1991”?! I wasn’t aware of this historical ‘fact’. Even though
> I have followed Citi’s fortunes since 1988, the first I heard of
> Pandit was when he sold Old Lane Partners to Citi for $800 million
> in 2006 and then liquidated the fund in 2008.