calvino

The $41B Bomb Citi Doesn't Want You to Know About

You point out the problems at Citi in a topical way. Read Mish Shedlock's deeper analysis that questions Citi's solvency in the near term. Citi is dead money, and the poster child for bad investment banking. The best thing for the banking sector and our economy would be for Citi to fail and to free up the capital they hold frozen to better hands. Jason Brueschke should be the first one out the door, symbol of the abuse Citi continues to pour onto the market. There is a reason that Citi's investment bankers can't talk to sell side, unless staff attorneys are present. Spitzer should have indicated that an outside council must be present. After Jason, the rest of the staff at Citigraft. Too big to fail, or too big to pump and dump? Neither one.

Ben Stein Right on Bank Losses, For the Wrong Reasons

Ben is right you are wrong, mouthing the same old palliatives that the rest of the herd moos.