“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]

Comments (7)

  1. Posted by guest | June 10, 2008 at 6:40 PM

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

  2. Posted by guest | June 10, 2008 at 6:51 PM

    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.

  3. Posted by bank_teller | June 10, 2008 at 7:24 PM

    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.

  4. Posted by guest | June 11, 2008 at 7:26 AM

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

  5. Posted by guest | June 11, 2008 at 9:22 AM

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

  6. Posted by guest | June 11, 2008 at 9:22 AM

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

  7. Posted by guest | June 11, 2008 at 10:32 AM

    “Oh, Vikram, quit being such a jerk!”

Leave a comment

You can log in with your account or comment as a guest below.