Not quite the same as "too big to fail," rather Citigroup (C) is "too interwoven" to fail,...

|About: Citigroup Inc. (C)|By:, SA News Editor

Not quite the same as "too big to fail," rather Citigroup (C) is "too interwoven" to fail, Chairman Richard Parsons says. Some 95% of Fortune 500 firms are Citi clients, making it "the most important private financial institution for maintaining our economic strength and presence around the world." Citi is fine with minimal exposure in Greece or Ireland, but if the crisis tips over into Spain or Italy, then "everyone is in trouble."