Master o' the markets Charlie Gasparino just had a little debate with CNBC's Steve Liesman re: Citi. According to Chaz, Citi will not fail, and there are a couple of ways we can get this bitch back up:
1. Vikram Pandit steps down, "stock goes to $7."
2. "If your friend Bob Rubin would stop talking to Obama and get working with Pandit, stock goes to $7."
Now, as you know, we could never hope to compete with the capacious intellect and market moving insight that Chaz brings to the table. But the situation is dire and we have got to make this thing work. Consider this your suggestion box for what Citi can do to pump itself back up. While it would be sacrilegious of us to attempt to climb on the shoulders of a giant, please realize that we approach this subject with the greatest humility, and self-awareness that we could never come close to CG's level of magisterial thought leadership, and that we're doing this for Citi. To that end, the first suggestion off the top of our heads is this: Vikram steps down, Gasparino steps up. Now you go.
Posted by NAS Keflavik boi , Nov 21, 2008 11:44AM
7 RUPEES, maybe...
Posted by guest , Nov 21, 2008 11:44AM
Posted by guest , Nov 21, 2008 11:45AM
Love the irony how Charlie G is moving markets its insane. Now I definitely want GE to go under and take CNBC with it.
Posted by guest , Nov 21, 2008 11:45AM
Charles = I'm In Charge
Posted by breastmilk2percent , Nov 21, 2008 11:46AM
I bet Gasparino has a really small dog that he yells at every morning and evening.
Posted by guest , Nov 21, 2008 11:46AM
why doesnt HSBC buy C? seems like a good fit
Posted by guest , Nov 21, 2008 11:49AM
So much spittle was gathering on his lower lip during that rant - it was epic.
"Have a good weekend Charlie!"
Posted by guest , Nov 21, 2008 11:50AM
Gasparino in a size 5 hat would be a good fit.
Posted by guest , Nov 21, 2008 11:51AM
@6 he probably smears peanut butter on his crotch at night and lets the dog go to work
Posted by guest , Nov 21, 2008 11:52AM
CORRECTION CITI CANNOT FAIL, WILL NOT FAIL. WILL NOT FALL.
IF IT DID WE ALL WORK FOR WALMART NEXT FRIDAY. THATS BECAUSE TARGET ISN'T GONNA LAST MUCH LONGER.
Posted by Harald , Nov 21, 2008 11:53AM
Whenever I see Vikram Pandit, I can't help but think that he's just a bigger version of that "Damn It Feels Good to Be a Banker" guy.
Posted by guest , Nov 21, 2008 11:54AM
Speaking of target, anyone else think Ackman is a kid toucher? Dude creeps me out.
Posted by guest , Nov 21, 2008 11:55AM
What have you got?
Posted by guest , Nov 21, 2008 11:57AM
Speaking of target, anyone else think Ackman is a kid toucher? Dude creeps me out.
Posted by Harald , Nov 21, 2008 11:57AM
Article from 1999: "Robert Rubin, the man Wall Street trusts"
http://news.bbc.co.uk/2/hi/business/342086.stm
Posted by guest , Nov 21, 2008 11:58AM
@12 Ackman does exude the essence of a kid touch. Something just not right about that guy.
If yourself & Ackman were locked in an office together and the guy came up and touched you on the shoulder what would you do?
Posted by guest , Nov 21, 2008 11:59AM
Citi needs to get in on this now!
I hope this letter finds you well.
While this email will definitely be coming to you as a surprise, please take a moment of your time to read
this. It is very important. I am Dr. Steinhauser Jan Rudolf, working in a bank in The Netherlands.However
I got your address through the International web directory online.
The fact is, one of our foreign customer DR. ALHAJI. ASHARY IBRAHIM ABDULHAMEED from Saudi
Arabia who made a numbered time (Fixed) Deposit for twelve calendar months, valued at
US$16,800,000,000.00 (Sixteen Billion and Eight Hundred Million United State Dollars) only in our bank.
Upon maturity, we sent a routine notification to his forwarding address but got no reply. After a month, we
sent a reminder and finally we discovered from his contract employers, the Petroleum and Mineral
Resources Saudi Arabia that DR. ALHAJI. ASHARY IBRAHIM ABDULHAMEED died from an
automobile accident. On further investigation, we found out that he died without making a WILL and all
attempts to trace his next of kin were fruitless.
I therefore made further investigation and discovered that DR. ALHAJI. ASHARY IBRAHIM
ABDULHAMEED did not declare any kin or relations in all his official documents, including his Bank
Deposit paperwork in my Bank. This sum of US$16.8 Million is still sitting in my Bank and the interest is
being rolled over with the principal sum at the end of each month. No one will ever come forward to claim
it. According to Laws of this Bank, at the expiration of 5(Five) years, the money will revert to the
ownership of the Netherlands Government if nobody applies to claim the Fund.
Consequently, my proposal is that I will like you as a foreigner to stand in as the Next of Kin to DR.
ALHAJI. ASHARY IBRAHIM ABDULHAMEED so that the fruits of this old man's labor will not get into the
hands of some corrupts Government officials. This is simple, I will like you to provide me immediately your
FULL NAMES, TELEPHONE and FAX NUMBERS and ADDRESS so that my attorney will prepare the
necessary documents and affidavits that will put you in Place as the next of kin. We shall discuss the
percentage of sharing in your response.
The request for a foreigner as Next of Kin in this business is occasioned by the fact that the customer
was a foreigner and a citizen here cannot stand as next of kin to a foreigner. I therefore solicit for your
assistance to come forward as the next of kin in this business. So if you are interested I advice you to
write me your plan and send me your detains through my private email below in order for me to send you
the whole arrangement about this transaction. Hope to get your understanding, trust and capability of
handling this transaction.
Thanks for your understanding.
Yours faithfully,
Dr. Steinhauser Jan Rudolf
Posted by guest , Nov 21, 2008 11:59AM
caption, "I shouldn't have had that second corndog..."
Posted by guest , Nov 21, 2008 12:01PM
C will sell deposits to GS this weekend to shore up capital. Book it fuckos
Posted by guest , Nov 21, 2008 12:01PM
Here's what I think. Gasparino thinks that Citi has to sell Smith Barney to survive (ostensibly to JPM).
This situation would be comparable to LEH having to sell Neuberger. What Gasparino isn't thinking about, is that the situation for Citi is quite different given its access to Fed cash.
Citi's management is mediocre, not as bad as the street thinks, but the street has spoken and that's all that matters.
-Jobless Dealbreaker
Posted by guest , Nov 21, 2008 12:01PM
We need Pics of the Gasbag in his slippers & robe NOW!!!!
Posted by guest , Nov 21, 2008 12:03PM
Don't look now, but BAC about to go single-digit on us...funny none of the talking heads have really focused this at all. BAC, and by default, MER going down would be much bigger than C...
Posted by StillNoCouch , Nov 21, 2008 12:04PM
Does Pandit have an account on Craig's List ?
Posted by guest , Nov 21, 2008 12:07PM
I love Charlie!
Posted by guest , Nov 21, 2008 12:07PM
@19
Sounds plausible, but the most important question is, who will get the toasters, Citi or the new GS depositors?
Posted by guest , Nov 21, 2008 12:08PM
@20 you are dead on
Posted by guest , Nov 21, 2008 12:09PM
@22
BAC goes to single digits so will JPM. Wells Fargo will shortly follow. This is an assault on the global financial system.
Posted by guest , Nov 21, 2008 12:10PM
I think Chaz and Vikkie are secret butt lovers
Posted by guest , Nov 21, 2008 12:12PM
I wrote about this in a previous post, but I'll recap here. The problem is that no one trusts the disclosures from Citi's management.
The only way to "fix" this is to have someone - best option would be the on-site Fed team - take a look at the books and have Paulson/Bernanke hold a press conference saying they are happy with C's capital and risk and that they are ready to invest another $50B in the preferreds.
It's kind of crazy that Citi has raised $75B this year and people are still fearful of their capital position. Even with $820B in assets, they can take a 10% writedown without depleting that cash.
Meanwhile, Citi really should think about divesting itself of a few businesses. Sure, that hurts future earnings, but it would simplify the balance sheet a bit and obviously raise cash.
Andy Busch, speaking on CNBC right now also has it right - Paulson was an idiot for telling the market that he won't buy any distressed assets with the TARP money. That just pulled the floor out from under these assets and makes everyone worry about the bank balance sheets.
Some statement has to be made by the Fed or Treasury. Citi's management is just not credible, everyone fears this is Lehman redux. We need Paulson to come out and tell us it is not.
Posted by guest , Nov 21, 2008 12:13PM
My guess is that the situation is fluid
Posted by guest , Nov 21, 2008 12:13PM
Id kick ackman in the place where his balls should be, only to find out he's got a hatchet wound. He'd then give me that creepy smile of his. I'd scream but I imagine his office is sound proof for such occasions.
Posted by guest , Nov 21, 2008 12:17PM
@29
Good luck with Paulson. I think he's on strike.
Posted by guest , Nov 21, 2008 12:17PM
If anyone can save Citi, The Economy, The World and all of Mankind as we know it, it's Charles Gasabg. And to think, we all have been underestimating his incredible talent. Charles for Treasury Secretary!
Posted by guest , Nov 21, 2008 12:17PM
Good bye to the US Economy if C goes. There isn't a corner of this country that Citi doesn't have its tentacles buried in. People rooting for it to fail have no idea the magnitude of what they are wishing for. It's almost as if we're having a parade to usher in the Armageddon with all the cheerleading.
Posted by guest , Nov 21, 2008 12:17PM
Have Wideclops look at the books and say Citi is fine. Wideclops' word is law.
Posted by guest , Nov 21, 2008 12:18PM
Good bye to the US Economy if C goes. There isn't a corner of this country that Citi doesn't have its tentacles buried in. People rooting for it to fail have no idea the magnitude of what they are wishing for. It's almost as if we're having a parade to usher in the Armageddon with all the cheerleading.
Posted by guest , Nov 21, 2008 12:18PM
@ 29- it's cute that you think anyone is listening to "Heck of a job Paulie" anymore.
He has flip flopped and zig zagged so many times on so many critical issues- LEH bailout, TARP purpose, soundness of the economy, GS role in AIG bailout, AIG bailout itself- that no one will listen to what he has to say. And in any case he's outta here in 60 days so what recourse is there against him for lying yet again?
America has learned the hard damn way that nothing coming out of the Bush Administration can be trusted. It would be nice to have some credibility with the American people right now, but they don't. That is just the reality of the situation.
Posted by guest , Nov 21, 2008 12:20PM
Why isn't Citi considering going private?
Posted by guest , Nov 21, 2008 12:20PM
Wideclops make the best accountants. They can keep one eye on assets and the other on liabilities.
Posted by guest , Nov 21, 2008 12:23PM
O walks on water. O is the Messiah. O will save us. Fear not commond people. The O is the Chosen One.
Posted by guest , Nov 21, 2008 12:24PM
Chill out Brozsephine, Citi isn't going down. The gov't will just pull an AIG.
Posted by guest , Nov 21, 2008 12:25PM
Why doesnt ackman bundle all Citi's retail banks into one of his REITs? He could go back on squawk and give me the willies all over again.
Posted by guest , Nov 21, 2008 12:25PM
Why isn't Citi considering going pirate?
Posted by guest , Nov 21, 2008 12:25PM
O walks on water. O is the Messiah. O will save us. Fear not commond people. The O is the Chosen One.
Posted by guest , Nov 21, 2008 12:26PM
Never mind Gasbag, how about Michelle's cans?
Posted by guest , Nov 21, 2008 12:26PM
I've got a plan, they can find someone who just left another firm who started up a hedge fund, pay $800 million to buy the hedge fund and bring their talented management aboard to right the ship. Oh wait, nevermind.
Posted by guest , Nov 21, 2008 12:27PM
You guys have always been against citi. Simply by the fact that many here refer to it as "shitty bank". I think Pandit is thumbing his nose at WS. I don't want him to step down or break up the company. Citi is the same as Jamie's little "gem", no difference, they all have problems. It's just that you guys are pro chase and anti citi. Pandit should stay at the helm and pull it out despite WS and their BS.
Posted by guest , Nov 21, 2008 12:29PM
what does he mean rubin come back? rubin hired pandit to be the ethnic fall guy. dude can peace out to the 3rd world with his old lane blood money and never be heard from again, why do you think he wears those big shades and is undergoing radical weight loss now?
Posted by guest , Nov 21, 2008 12:29PM
44 He won, get over it. See David Brooks today, the CONSERVATIVE columnist at the NY Times, who wrote a lot of compliments about the transition so far. It could be nice for everyone to have a government for a change thats interested in governing, not more of the faux-libertarian, starve the beast and go to sleep Norquist stuff that is ending badly.
Posted by guest , Nov 21, 2008 12:29PM
@ 29- it's cute that you think anyone is listening to "Heck of a job Paulie" anymore.
He has flip flopped and zig zagged so many times on so many critical issues- LEH bailout, TARP purpose, soundness of the economy, GS role in AIG bailout, AIG bailout itself- that no one will listen to what he has to say. And in any case he's outta here in 60 days so what recourse is there against him for lying yet again?
America has learned the hard damn way that nothing coming out of the Bush Administration can be trusted. It would be nice to have some credibility with the American people right now, but they don't. That is just the reality of the situation.
Posted by guest , Nov 21, 2008 12:30PM
#44, have you seen drudge? Seems the "O" is considering bankruptcy for the automakers. And gee, didn't the unions give him all those contributions?
Posted by guest , Nov 21, 2008 12:33PM
rich santelli: "And all the rumors, there was a rumor that GS was going to get together with Citi and then they would be Sachs in the Citi"
They are definitely losing it, the girls laughed nervously.
Posted by guest , Nov 21, 2008 12:35PM
do you think Toyota would lend Citi money at 0%?
Posted by guest , Nov 21, 2008 12:35PM
Citi and Suntrust, a too big to fail win-win and a good counter balance to BofaMerill.
"I aint gonna play sun citi"
-Little Steven (van Zandt)
-C
Posted by guest , Nov 21, 2008 12:36PM
Does anyone have 1st year wideclops numbers?
Posted by guest , Nov 21, 2008 12:37PM
damn... was just "Considered and Declined" for Wideclops Ventures
Posted by guest , Nov 21, 2008 12:40PM
@55,
1st ye ar 100K
2nd ye ar 125K
3rd ye ar 150K
Posted by guest , Nov 21, 2008 12:40PM
#49, there is no conservative columnist at the times, only one who says they are but has no connection to conservatism whatsoever. A McCain type of republican, really a dem.
Why is he putting so many clinton era war hawks in his cabinet? Why the attorney general? His change looks a lot like "same old, same old" and that is why the market is in the shape its in.
Posted by guest , Nov 21, 2008 12:40PM
It is true that Citi can't fail in the way that Lehman failed.
But it is certainly plausible that they fail in the way AIG did...
Posted by carl spackler , Nov 21, 2008 12:41PM
@47 -
Quit your whining you little weasel - every firm gets a nickname here, and V is a lame, little dipshit.
Citi the same as Jpmc ? Ya, they're exactly the same, only different...
Posted by guest , Nov 21, 2008 12:41PM
let me try this again for the right effect
1st ye___________________________ar 100K
2nd ye___________________________ar 125K
3rd ye___________________________ar 150K
Posted by guest , Nov 21, 2008 12:42PM
What if Phat Sandy Weill had not whacked Jamie? Let's assume for a minute that Sandy retired and gave the CEO to Dimon. Would he have been able to fix Citi or would he have gotten fired like Prince. Prince as in Chuck, not the Sandy Arabians that keep giving C petro dollars.
Posted by guest , Nov 21, 2008 12:42PM
"Your all fucked up. You talk like a fag, and you’re shit’s all retarded. But look up scro, lots of tards are living kickass lives. My sister is a tard, and shes a pilot."
Posted by guest , Nov 21, 2008 12:44PM
>David Brooks today, the CONSERVATIVE columnist at the NY Times
Actually I think you're supposed to put CONSERVATIVE in scare quotes when referring to Brooks.
Posted by guest , Nov 21, 2008 12:45PM
You have to love that "Wideclops" has had 390 hits on google. 176 of them from people at CNBC.
Posted by guest , Nov 21, 2008 12:45PM
Merge with GM, so that the latter could gain access to the TARP. Synergies would allow them to lose taxpayer dollars even more quickly.
Posted by guest , Nov 21, 2008 12:46PM
If they broke Citi up would Jamie be able to buy anything?
Posted by guest , Nov 21, 2008 12:47PM
@49. Are you actually serious in referring to David Brooks as a Conservative? He is a NY Times Conservative, which is like being the smartest kid in a special ed class. Not a big accomplishment.
Posted by guest , Nov 21, 2008 12:51PM
62 i thought you meant Prince as in Artist formerly known as...
Posted by guest , Nov 21, 2008 12:51PM
@68
Special ed kids can be really smart. Obviously you don't know what special ed is about.
Posted by guest , Nov 21, 2008 12:51PM
Chaz gets his buddies at the bucket shop to sell Citi like they sold Wobistics, the stock goes to $7.
Posted by Lowly Assistant , Nov 21, 2008 12:53PM
I'll bite. 61 was ridiculously funny.
Posted by guest , Nov 21, 2008 12:54PM
@48 I didn't vote against O. Why do you think I am being cynical or demeaning to O? Trust me, there is nothing to "get over." The media has pumped O to be the second coming of Lincoln, from the land of Lincoln, and nothing short of at Gettysburg Address or parting the red sea will save him.
For whatever reason, the media elites consider him a miracle worker because he ran a successful campaign against a very polarizing Senator from New York and a very liberal Republican during the worst economy in 70 years. Maybe you need to get a grip? #58 has it correct-David Brooks is no conservative. There are very few "conservatives" left. Maybe Pat Buchanan.
More of the McCain/Dole types who love power and are willing to sacrafice principles to get it? Or falling on the sword and being a good soldier?
I don't know. I am playing along...
Posted by guest , Nov 21, 2008 12:59PM
61...well done sir!
Posted by guest , Nov 21, 2008 12:59PM
so Paulson announces no tarp for MBA's and Citi goes into the toilet, strts talking about a sale or merger - not suspicious at all.
Citi is being whacked by the mafia banking syndicate run by GS and JPM:
http://yourmortgageoryourlife.wordpress.com/2008/10/06/did-jpmorgan-almost-fail-jekyll-island-investment-still-paying-dividend/
They did it to Bear Stearns and Lehman - Citi and B of a are on the hit list now.
Posted by guest , Nov 21, 2008 1:02PM
Citi employee in need of a laugh...what is a Wideclop?
Posted by guest , Nov 21, 2008 1:05PM
@75...get a life. I hope wideclops tosses you into the East River...
Posted by guest , Nov 21, 2008 1:05PM
@45 --- They were commanding obedience and respect this morning on Squawkbox in that red top. The camera-guys were doing lots of profile shots, too.
Posted by guest , Nov 21, 2008 1:05PM
The FT chick Saskia Scholtes on CNBC is a winsome lass ...
Posted by guest , Nov 21, 2008 1:05PM
Maybe Citi should just get some rest for once. This whole never sleeping thing is really getting to them.
Posted by guest , Nov 21, 2008 1:06PM
Anyone else not care about impeding doom when we get to stare at Michelle Caruso Cabrera's cans?
Posted by guest , Nov 21, 2008 1:08PM
I'm with #78 & 81. Simply awesome.
Posted by guest , Nov 21, 2008 1:08PM
Is Cabrera the one in the red?
She has dicksucker's cramp.
Posted by guest , Nov 21, 2008 1:10PM
im gunna finish on urrrrrrrrrRRR face GASSY G man
Posted by guest , Nov 21, 2008 1:11PM
I'm with #78 & 81. Simply awesome.
Posted by guest , Nov 21, 2008 1:14PM
@81
That chick is soooo not hot. Not even as a last resort.
Posted by guest , Nov 21, 2008 1:14PM
They need to bring Saskia in to do some guest hosting.
Posted by guest , Nov 21, 2008 1:15PM
Links to some good MCC images, please.
Posted by guest , Nov 21, 2008 1:17PM
@81
Can you or somebody post a link to her cans?
Posted by guest , Nov 21, 2008 1:17PM
"so Paulson announces no tarp for MBA's and Citi goes into the toilet, strts talking about a sale or merger - not suspicious at all.
Citi is being whacked by the mafia banking syndicate run by GS and JPM:
http://yourmortgageoryourlife.wordpress.com/2008/10/06/did-jpmorgan-almost-fail-jekyll-island-investment-still-paying-dividend/
They did it to Bear Stearns and Lehman - Citi and B of a are on the hit list now."
Ditto, so true. People like to pretend that the markets operate in a fair and just manner. Paulson is on holiday somewhere while all the financials get bear raided.
Posted by guest , Nov 21, 2008 1:23PM
Has anyone checked in on Sandy Dubs? He must be tremoring right now.
Posted by guest , Nov 21, 2008 1:26PM
Well now, let's really get depressing. CNBc interviewing fellow who wrote a book on how to survive this next great "d". Harry, says that this is not the bottom, bottom that we are in for a real surprise next year. A worser bottom. Guy says go to cash and commodities. Not so happy with treasuries.
Posted by guest , Nov 21, 2008 1:26PM
@87 Saskia is a wideclops. But that gap in her teeth is sooooo hot. Wonder if she wears fuckmeboots???
Posted by guest , Nov 21, 2008 1:28PM
@87 Saskia is a wideclops. But that gap in her teeth is sooooo hot. Wonder if she wears fuckmeboots???
Posted by guest , Nov 21, 2008 1:29PM
@87 Saskia is a wideclops. But that gap in her teeth is sooooo hot. Wonder if she wears fuckmeboots???
Posted by guest , Nov 21, 2008 1:29PM
@87 Saskia is a wideclops. Wonder if she wears fuckmeboots???
Posted by guest , Nov 21, 2008 1:30PM
@87 Saskia is a wideclops. Wonder if she wears fuckmeboots???
Posted by Boaster , Nov 21, 2008 1:36PM
@62- Downfall started when Prince became CEO- a damn attorney. And he brought in Kaden and all those other legalese top-heavy, non-cap mkts types. Even Crittenden: Amex, Monsanto & Sears, he's a retail hack. Mind you, Dimon knows his stuff but was never a trader/structurer, also went the CFO route.
Posted by guest , Nov 21, 2008 1:37PM
http://i214.photobucket.com/albums/cc181/anchorbabes/apr2008/michelle1-5.jpg
Posted by Boaster , Nov 21, 2008 1:39PM
@62- Downfall started when Prince became CEO- a damn attorney. And he brought in Kaden and all those other legalese top-heavy, non-cap mkts types. Even Crittenden: Amex, Monsanto & Sears, he's a retail hack. Mind you, Dimon knows his stuff but was never a trader/structurer, also went the CFO route.
Posted by guest , Nov 21, 2008 1:41PM
@ 99
Thank you!!
Posted by guest , Nov 21, 2008 1:43PM
Looks like Wells Fargo is slimming down in order to pick up Citi in a buyout or merger:
http://ml-implode.com/staticnews/2008-11-21_PremiumAlertWellsFargoClosingOperationsAcrossTheNation.html
Close their shops and use Citi's.
Hmmm, interesting.
Posted by guest , Nov 21, 2008 1:57PM
@102-
Suuuuuuuuurrrrrrrrree
So did you forget about Wachovia??????
Posted by guest , Nov 21, 2008 1:58PM
@102
Suuuuurrrrreee
So did you forget about Wachovia???
Posted by guest , Nov 21, 2008 2:12PM
@103/104
It's just speculation and conjecture - seeing if anyone else has something to add to it - Faux Biz is tossing around a Citi union with either Wells,US Bank or Morgan Stanley.
Jamie Dimon will probably just swoop in and take it all anyway.
http://yourmortgageoryourlife.wordpress.com/2008/10/06/did-jpmorgan-almost-fail-jekyll-island-investment-still-paying-dividend/
Goldman and their "$200 a barrel" oil call is killing them, they don't have the cash they did two months ago - so they are out unless Paulson throws billions at them.
If the Gov gives Citi another $25BB they will own it outright anaway.
Lots of balls in the air folks!
Posted by guest , Nov 21, 2008 2:16PM
I am 99, and let me say Michelle is overrated
Trish Regan is the truth. Undervalued as hell, I'd go long on her through thick and thin ready to provide a liquidity injection at all times
Posted by Cliff Huxtable , Nov 21, 2008 2:26PM
#106 - Met Trish Regan a few months ago...even foxier in person.
Posted by guest , Nov 21, 2008 2:28PM
I think TR is the best. Why is it that she hasn't been promoted, ie Erin Burnett style?
Posted by guest , Nov 21, 2008 2:47PM
Question:
How long before B of A walks away from the Merrill Deal?? Merrill clearly is not worthanything right now, why buy them??
Posted by guest , Nov 21, 2008 2:47PM
I think they should hire Denny Crane to run the company. He's that great laywer dude from Boston Legal. He'd kick some ass over there. I love that guy. I admit it, I want to be Denny Crane. He rocks and since I went long on about 10/14 I think I would rather be a laywer for awhile.
Posted by guest , Nov 21, 2008 2:49PM
I think they should hire Denny Crane to run the company. He's that great laywer dude from Boston Legal. He'd kick some ass over there. I love that guy. I admit it, I want to be Denny Crane. He rocks and since I went long on about 10/14 I think I would rather be a laywer for awhile.
Posted by guest , Nov 21, 2008 2:50PM
@109 politics || mafia
Posted by guest , Nov 21, 2008 3:08PM
@112, 109 -- It's pending a shareholder vote isn't it? So if shareholders have any brains, maybe they'll vote it down.
Posted by guest , Nov 21, 2008 3:12PM
@107 you are a lucky bastard
Posted by guest , Nov 21, 2008 3:28PM
I just saw Leonardo DiCaprio amongst the Bloombergs at 390.
Posted by guest , Nov 21, 2008 3:53PM
Pandit turned own GS merger 7 weeks ago
Posted by Goldman Sachs Neophyte , Nov 21, 2008 6:36PM
@17 too long, didn't read.
- that guy from Goldman Sachs
Posted by guest , Nov 21, 2008 7:06PM
If RIP, 2 comments;
Never liked the Citibank building. I thought the Slanted tower was out of place at the time.
Always respected Citibank's pioneering ATM network in New York.
MZ
Posted by guest , Nov 21, 2008 8:23PM
The crank hankin, curry eatin', Vickie has done it again. His hedge fund fails and he becomes CEO of happy Citi. Citi is driven into the ground, and Vickie and Rubey end up in a white house position. Goldman takes bank over weekend sans Smith Barney...
Posted by guest , Nov 21, 2008 10:26PM
Just another CFR neo-liberal spook:
Geithner was born in Brooklyn, New York City, to Mr. and Mrs. Peter F. Geithner of Larchmont, New York. He completed high school at International School Bangkok, Thailand, and then attended Dartmouth College, graduating with a B.A. in government and Asian studies in 1983. After, he obtained an M.A. in International Economics and East Asian Studies from Johns Hopkins University’s School of Advanced International Studies in 1985. He has studied Japanese and Chinese and has lived in East Africa, India, Thailand, China, and Japan.
After completing his studies, Geithner worked for Kissinger and Associates in Washington, DC, for three years and then joined the International Affairs division of the US Treasury Department in 1988. In 1999 he was promoted to Under Secretary of the Treasury for International Affairs and served under Treasury Secretaries Robert Rubin and Lawrence Summers.
In 2002 he left the Treasury to join the Council on Foreign Relations as a Senior Fellow in the International Economics department. He then worked for the International Monetary Fund as the director of the Policy Development and Review Department until moving to the Fed in October 2003. In 2006 he became a member of the influential Washington-based financial advisory body, the Group of Thirty. On November 21, 2008, it was reported that President-elect Barack Obama had decided to nominate Geithner for the position of Treasury Secretary. Get the picture.
It's the New World Order - to go
http://yourmortgageoryourlife.wordpress.com/2008/10/10/are-these-the-forging-fires-of-the-nwo-we-feel/
Posted by guest , Nov 21, 2008 10:31PM
Will Citi make it through the weekend?
It's like 'Things to do Denver when you're dead'
When you gotta go, you just gotta go...
Posted by guest , Nov 21, 2008 11:05PM
Citi is going under, without question. JP Morgan will likely follow. Even the CEO's don't understand what those CDO's and other derivatives are doing. It is too complex. Probably only one in a million really understand. My teacher in Financial Mathematics was writing papers on how to use complicated modles complete with multivariate distributions to model these things. The truth is, noone can model them. The assumptions were way out of wack. Its time to load up on ultrashort financial ETFs like FAZ and SKF to make alot of money off of the downfall of these banks. Dow 3000, here we come.
Posted by guest , Nov 23, 2008 12:41PM
If Pandit had any brains he would immediately dump Smith Barney, take the proceeds and short all of Citi's own stock.