Retract Prior Bullish Guidance, Revision To Outlook Forthcoming

Posted by Bess Levin, Jun 10, 2008, 6:24pm

"Every institution has the right to lose all their money if they want to," said Vikram Pandit, the chief executive of Citigroup.

We take this as tacit acknowledgment of our bottom call earlier today, which was apparently premature.


Can Banking Shake The Crisis [Forbes]

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Tags: Citi, he's on to us, LEH/UBS/BSC nod heads vigorously, Vikram Pandit

Comments

Posted by guest, Jun 10, 2008 6:40PM

He's pretty much just asking for the gods to strike him down, isn't he?

Posted by guest, Jun 10, 2008 6:51PM

Taken out of context (not that I'm defending big Vik) but it was in reference to Bear Stearns, and their was a caveat afterwards that is crucial to the statement.

Bess you sly devil.

Posted by bank_teller, Jun 10, 2008 7:24PM

I don't know what their was or what their wasn't, but don't you ever use that tone with my Bess, you mangy pissant.

Posted by guest, Jun 11, 2008 7:26AM

imply != infer. What you wrote doesn't make any sense.

Posted by guest, Jun 11, 2008 9:22AM

Even in context it's not something you want to see your CEO saying. Very poorly phrased.

Posted by guest, Jun 11, 2008 9:22AM

Even in context it's not something you want to see your CEO saying. Very poorly phrased.

Posted by guest, Jun 11, 2008 10:32AM

"Oh, Vikram, quit being such a jerk!"

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