BlackSwan

Vikram Pandit's Amazing Disappearing Hedge Fund

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.

Should Alan Schwartz Be Citigroup's Next CEO?

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.

Discouraging Signs from Citi's Pandit

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.

John Reed on Citigroup: A Decade Long Disaster

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.

Jim Cramer's Mad Money Lightning Round, 3/28/08: Procter Is No Gamble

Just a few months ago Cramer recommended Citi in the mid-forties!

Citi Trading Below Book

Write-downs are not losses.

Wall St. Bonuses Up in 2007, Despite It All

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.

Banks Exercise the 'Peter Principle'

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.