QC

Citi's Share Price Problem

Don't feel sorry for CITI, I think they are like Wachovia, maybe not too big to fail, Maybe too big to manage itself. I do not like banks, here is why. Several years ago banks tried to be like insurance companies. And insurance companies tried to be like banks - like Nationwide. Banks try to be investment/stock brokers too. What a joke. Do they really think they can compete with the big top brokers.
They (banks) are not very good at this. They should do what they are good at.
GE and GM play in the credit game, they are not very good at this either. Just because you have a lot of resources and people, does not guarantee that you will do well.
Banks should manage savings and checking accounts, and make some loans, not pretend to be insurance companies and stock brokers, which they are not.