BlackSwan

16 Comments

    • Vikram Pandit's Amazing Disappearing Hedge Fund [view article]
      Where's the tort (maybe criminal) bar when you need them? All of this goes 'way beyond incompetence, their performance is criminal! And, nobody seems to care. May 06 11:32 AM
    • The Subprime Three -- Rubin, Summers & Greenspan [view article]
      Regarding the pathetically inept Robert Rubin, where's the tort bar when you need them? Let's put this phony and fraud on trial and at least get back the $150 million he didn't earn from Citi. Memo to Hillary: You better publicly denounce this moron a la Obama/Wright before it comes out he was fundraising for you (and lecturing politicians on economic policy!) while ignoring his responsibilities to Citi. Apr 30 04:31 AM
    • Should Alan Schwartz Be Citigroup's Next CEO? [view article]
      You're onto the right church, but the wrong pew! Goldman must buy or merge with Citi and then we'll have the premier financial institution in the world and the shareholders will quickly regain all that has been lost over the past decade and then some. Pray for this marriage made in heaven to take place soon. Apr 26 01:12 PM
    • Discouraging Signs from Citi's Pandit [view article]
      Also, have you noticed he's recently said he's glad he's only 51! No doubt thinking there's a long hard slog ahead and getting this model right will be his life's work. Looks like no quick turnaround here, but who knows as Citi's so massively oversold and undervalued with changes so compressed in this fast-moving age that a substantial move in the next year or two is a very good bet. Apr 23 08:38 AM
    • John Reed on Citigroup: A Decade Long Disaster [view article]
      They must get rid of Rubin and the rest of the good-for-nothing board posthaste, stop listening to Sandy and Prince Al-Waleed-bin-Tal, and break the damn thing up-pronto, or else the stock will just languish for another decade. Memo to Sandy: Actuarially do you really think you have the necessary years left to see the stock return to last year's high? What about your charitable obligations? You'd better push for a break-up as the only realistic hope of equalling last year's high in the next couple of years. Apr 06 02:16 PM
    • Jim Cramer's Mad Money Lightning Round, 3/28/08: Procter Is No Gamble [view article]
      Just a few months ago Cramer recommended Citi in the mid-forties! Apr 01 08:07 PM
    • Jim Rogers on Investment Bank Bail Outs and the Federal Reserve [view article]
      In your rogue's gallery of financial morons you left out the biggest phony of them all, Robert Rubin. He took home $160+ million while running Citi into the ground. Of course, he was busy lunching with Chuck Prince at Four Seasons, giving economic advice to Congress and raising money for Hillary! Mar 26 10:40 AM
    • Dick Bove: Buy Banks, Avoid Brokers [view article]
      Mr. Bove not only said late last year that Citi would not cut their dividend, but they would increase it in 2008 as a sign of strength. He has been recommending purchase of Citi since it was in the mid-thirties. I suspect his bearishness on Dimon's purchase of BSC will prove to be equally wrong. I should think that if Citi isn't substantially higher by mid or late year, Mr. Bove's career will be over, or, at least, deserve to be over. Mar 26 04:58 AM
    • Citi Trading Below Book [view article]
      Write-downs are not losses. Mar 06 08:48 AM
    • Financials ETFs: Seven Weeks After 'Cramer's Bottom' [view article]
      Jeremy Siegel put out a strong buy on the financials in October and has repeated it several times since then! Still want to send your kid to Wharton? Subscribe to his weekly letter? Buy his Wisdom Tree products? He makes Cramer look good! Mar 02 10:27 PM
    • Wall St. Bonuses Up in 2007, Despite It All [view article]
      I remember regularly reading Jesse in the WSJ and he usually had a rather pessimistic take on matters-frankly, to the point where I wondered if the poor soul might have an underlying depressive disorder. Jan 19 07:56 AM
    • Banks Exercise the 'Peter Principle' [view article]
      You're a bit premature as you'll soon find out that Eddie Lambert picked up about three million shares of Citigroup in the third quarter and Warren added to his Wells Fargo. Nov 16 10:20 AM
    • The Fed Rate Cut: Don't Break Out the Party Hats Yet [view article]
      Amen. Sep 25 06:54 AM
    • Analyst Price Targets: Gold and Silver, Oil and Gas to Head in Opposite Directions [view article]
      I don't get the nat gas projection what with storage room running out and the benign hurricane season coming to an end-what if we have another mild winter? Stocks like CHK could really tank! Aug 29 01:04 PM
    • Is Sarbanes-Oxley The Main Reason IPO Business Is Going Overseas? [view article]
      I stopped reading Dan Gross months ago. This man has no journalistic integrity and is a very partisan liberal Democrat. Don't waste your time reading this political operative-or quoting him. Aug 07 11:14 AM
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