Posted by guest , Nov 20, 2008 4:00PM

I bet lots of people wish they could consider their owe-more-than-they're-worth houses a "legacy asset" rather than a "liability".

Posted by guest , Nov 20, 2008 4:02PM

...and we believe the benefits will be seen over time."

You don't specify, I apply very high discount rate.

PEB

Posted by guest , Nov 20, 2008 4:03PM

They sent this out earlier today and even our MD said it was lame. Mood is strangely calm as people can't think of anything more which can go wrong (unless Pandit has a kid porn dungeon).

Posted by guest , Nov 20, 2008 4:04PM

Kiss of Death...

Posted by guest , Nov 20, 2008 4:05PM

They sent this out earlier today and even our MD said it was lame. Mood is strangely calm as people can't think of anything more which can go wrong (unless Pandit has a kid porn dungeon).

Posted by guest , Nov 20, 2008 4:05PM

Must be convenient to get to recycle the words of Bear Stearns/Lehman Brothers forefathers that went before them...

Posted by guest , Nov 20, 2008 4:05PM

LEH

Posted by guest , Nov 20, 2008 4:05PM

ITS THE END OF THE WORLD

Posted by guest , Nov 20, 2008 4:07PM

ITS THE END OF THE WORLD AS WE KNOW IT, AND I FEEL FINE

Posted by guest , Nov 20, 2008 4:07PM

Evacuation Jet leaves for Bombay at 11:00 tonight

Buh Bye Viki!

Posted by guest , Nov 20, 2008 4:07PM

That was a Cut & paste from Fulds last conf call...

Posted by guest , Nov 20, 2008 4:08PM

Kiss of Death...

Posted by guest , Nov 20, 2008 4:09PM

Chairman and Chief Executive Officer Richard S. Fuld, Jr. said, “This is an extraordinary time for our industry, and one of the toughest periods in the Firm’s history. The strategic initiatives we have announced today reflect our determination to fundamentally reposition Lehman
2
Brothers by dramatically reducing balance sheet risk, reinforcing our focus on our client-facing businesses and returning the Firm to profitability.”
____________________________

Dick Fuld, Sept 10, 2008

Posted by guest , Nov 20, 2008 4:09PM

I just hope they have cash left for my layoff. I'm going in this weekend to steal plasmas and all the corporate art on the executive floor.

Posted by guest , Nov 20, 2008 4:10PM

SKF should buy C. Its the only way they survive.

Posted by guest , Nov 20, 2008 4:12PM

@12
I believe the proper term is MUMBAI. The evacuation jet loaded with Citi cash is headed for Mumbai at 11:00 tonight.

Posted by guest , Nov 20, 2008 4:13PM

18 - Why is it that the CDS isn't blowing out like it did for LEH or BSC pre tits up? Recognition that the gov is going to bail them out and make bondholders whole?

Posted by guest , Nov 20, 2008 4:15PM

Citi CDS at 400/420, GS 365/380, MS 505/525

Posted by guest , Nov 20, 2008 4:15PM

20 - exactly...

Posted by guest , Nov 20, 2008 4:16PM

long CDS of citi is like being long cds of UST (US Treasury)

Posted by guest , Nov 20, 2008 4:16PM

We are just going to lay down right here until this all blows over. Also, a note to employees: reuse paper clips, turn off the lights when leaving the restrooms and if you have to jump please open the window and do not break the glass as they are expensive to replace.
Thaaaaanks
yer bff vik

Posted by guest , Nov 20, 2008 4:17PM

Rumor that the Somali pirates are in talks to buy Citi.

Posted by guest , Nov 20, 2008 4:17PM

What happens now that all the pension plans and institutional investors prohibited from owning stock >$5/share have to dump their C?

Posted by guest , Nov 20, 2008 4:19PM

Raymond James bigger mkt cap than Citi

Posted by guest , Nov 20, 2008 4:19PM

long CDS of citi is like being long cds of UST (US Treasury)

Posted by guest , Nov 20, 2008 4:20PM

"After hitting the iceberg, the Titanic has a very strong capital and liquidity position and a unique global franchise. We are focused on executing our strategy, including our targeted expense and legacy asset reductions, and we believe the benefits will be seen over time."

Posted by guest , Nov 20, 2008 4:22PM

@26 C still has 3 weeks to recover before that will happen.

Posted by guest , Nov 20, 2008 4:23PM

@29: Duane Reade probably brings in more tax revenue than Wall St.

Posted by guest , Nov 20, 2008 4:23PM

@ 25, props

Posted by guest , Nov 20, 2008 4:23PM

@26 Have til the end of the quarter to make a decision. More than likely something will be done WAY before then.

Posted by guest , Nov 20, 2008 4:23PM

@ 31: Why three weeks?

Posted by guest , Nov 20, 2008 4:24PM

Plants in corner offices, lobbies etc are rented from and watered by the people who operate the building. I jest you not, new expense policy says we have to *stop watering plants*

Posted by guest , Nov 20, 2008 4:24PM

@29 - I love this city but I gotta say all the job loses in NY and its gonna look like the Warriors movie pretty soon.

Posted by guest , Nov 20, 2008 4:29PM

37 Its still better than Detroit or Charlotte and with <$60 oil, Alaska is not even what it used to be. Wonder if/when Levi and Bristol are gonna go through with the hitching.

Posted by guest , Nov 20, 2008 4:29PM

@35 - @31 here, see 34 in re: your query.

Posted by guest , Nov 20, 2008 4:29PM

@ 32--I think you are on to something. Citi should merge with Duane Reade. It would give them twenty times more branches than they already have and the cash from co-pays.

Posted by guest , Nov 20, 2008 4:30PM

What will happen to Shitty Field? err, i mean Citi Field?

Posted by guest , Nov 20, 2008 4:32PM

Bring out your dead

Those sad sacks mulling arounf Grand central Station are fired lawyers

http://endofesq.com/?p=565

Posted by guest , Nov 20, 2008 4:32PM

@40: 32 here. The slowpoke checkout women at Duane Reade will fit in perfectly with the slow-as-molasses tellers in the C branches.

Posted by guest , Nov 20, 2008 4:32PM

USZ8 up 7 fcking handles. The world is imploding

Posted by guest , Nov 20, 2008 4:37PM

Can anyone give me a legitimate reason about why Prince Alwalwhateverthefuckitis upped his ante in C? I'd hope there's got to be something the entire world is not seeing?

Posted by guest , Nov 20, 2008 4:37PM

come to washington dc; we're doing fine thanks to sweet government largesse. new regulations and finance landscape = full employment act for finance regulatory lawyers

Posted by guest , Nov 20, 2008 4:40PM

I believe they said that back in March - no one is buying it anymore.

Posted by guest , Nov 20, 2008 4:40PM

@45: hard to admit you've made a mistake. Better to add 1% and hope the market takes it as a good sign and rallies your stock, than say "this blows" and try to sell a 4% position. Bloomberg this a.m. said his funds are down 68% YTD so I'm not thinking the Prince is going to be dethroning Buffett anytime soon.

Posted by guest , Nov 20, 2008 4:44PM

45, never heard of ballers and what they do with their f u money?

Posted by guest , Nov 20, 2008 4:55PM

36.. you are right, i just saw it!

hahaha .. too funny

Posted by guest , Nov 20, 2008 5:31PM

The prince guy made his reputation by investing in Citicorp when they were effectively insolvent during the early 1990's banking crisis. It's pretty much the only investment he's ever made that was of any note. I guess he's either going to repeat that triumph or go down in flames trying. I think we all know which one it will be.

Posted by guest , Nov 20, 2008 5:53PM

@26 and @31, I think all the rules have changed. Pretty sure the $5 dollar stock rule for pensions is out the window. There are 101 stocks in the S&P 500 trading under $10, and 1/3 of the stocks in the S&P 500 don't even meet S&P 500 standards for min market cap.

Posted by guest , Nov 20, 2008 6:14PM

@55

Did you say there were 101 stocks in the S&P 500 trading under $10, and 1/3 of the stocks in the S&P 500 don't meet S&P 500 standards for min market cap?!

Posted by guest , Nov 20, 2008 6:20PM

John Reed please call home.

Posted by guest , Nov 20, 2008 7:39PM

The quote is too earily familer from Wachovia just 6 weeks prior. Shiti is on its way down for good. The FDIC failed to deliver golden egg to Shiti back then ....

Posted by guest , Nov 20, 2008 7:54PM

i work in Citi's GWM.... fuk you I Bankers for screwing this shit up for all of us

Posted by guest , Nov 20, 2008 9:39PM

Fuck it. Marines here I come.

Posted by guest , Nov 20, 2008 9:50PM

56, that's correct. The S&P would do something, except who are they going to put in?

Shiti trying to merge (yeah, right):

http://www.cnbc.com/id/27829103

Posted by guest , Nov 20, 2008 9:52PM

@59, got any hot stock tips for me?

Now run along and sell my grandmother some annuities.

Posted by guest , Nov 21, 2008 5:22AM

CNBC Asia: Citi in advanced talks with Goldman

Posted by guest , Apr 05, 2009 4:06PM

Time for a new T-Shirt.
I found these online:

Shiti Field T-Shirts -
http://www.spreadshirt.com/us/US/-/Detail-3376/Marketplace/Products/detail/article/4370214/color/1/affiliate/7126/