C's core problem is that it simply doesn't make money in any of its businesses except Smith Barney, which it is in the processof selling.
Meredith Whitney On Citi's 4Q08 Earnings [PDF]
Is There Anything Else To Add?
Posted by Bess Levin, Jan 20, 2009, 9:58am
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Posted by guest , Jan 20, 2009 10:04AM
First, not making money is a problem.
Posted by guest , Jan 20, 2009 10:06AM
If there are no more companies left to bash wtf is this bitch going to do....
Bust out the knee pads baby!!!
Posted by guest , Jan 20, 2009 10:09AM
Thar C blows. Under $3 by EOD. Suck it Vik.
http://www.beckerfilms.com/titanic2.jpg
Posted by guest , Jan 20, 2009 10:10AM
Citi is the new Pets.com
Posted by guest , Jan 20, 2009 10:10AM
You know, my sister works for Smith Barney, institutional bond sales - that is NOT being sold.
Only the retail brokerage is being sold. There are more parts to SB than just that.
Posted by guest , Jan 20, 2009 10:10AM
Surely the headexploding Scanners-style head explodingly dull GTS has been killing it for about 20 quarters in a row?
Posted by guest , Jan 20, 2009 10:11AM
Meredith Whitney is like a parasite. She has bashed the banks hard, and now they're crumbling.
When the host is no longer alive, how will she feed?
Posted by guest , Jan 20, 2009 10:13AM
I had a lot of respect for Whitney when she called C out and said it would have to cut its dividend.
Now, it's just more of the same. Enough with the criticisms. It is really, really easy to criticize. How about constructive suggestions? Or is that too complex for her - anything past clothes-lining BAC is probably not her pay grade.
Posted by guest , Jan 20, 2009 10:13AM
@7
Protein shakes from her wrestler husband?
Posted by guest , Jan 20, 2009 10:13AM
Pretty sure she couldn't pick a winner at a medal ceremony.
Posted by guest , Jan 20, 2009 10:17AM
Crush'em Meredith!
Posted by guest , Jan 20, 2009 10:24AM
@11: Done. Now what?
Posted by guest , Jan 20, 2009 10:29AM
Sunday New York Times had a stellar article titled "When the Action Moves On." When are you people moving to Washington D.C., or Charlotte, North Carolina?
Posted by guest , Jan 20, 2009 10:32AM
@8 what type of F**tard are you?
It is not Meredith's job to tell a business what and how to do it... companies have management and boards and... actually good point..... fire everyone and put Meredith in charge
Posted by guest , Jan 20, 2009 10:37AM
@14
Get off Meredith's bra strap...
Posted by guest , Jan 20, 2009 10:39AM
Nationalize all the banks that took cash and move on.
Having these zombie banks in the market is just destabilizing the rest of market.
Posted by guest , Jan 20, 2009 10:46AM
13,
"In recent months, he recalled, one local bar attempted desperately to transform itself from velvet-upholstered Asian cocktail lounge to a rugged, taxidermy-filled hunting lodge to a gay bar, all to no avail."
Posted by guest , Jan 20, 2009 10:48AM
Aren't those all the same thing in 17?
Posted by Goldman Sachs Neophyte , Jan 20, 2009 12:30PM
I despise Meredith Whitney. Whitney is kind of like genital herpes. She may seem to go away for a little while (she is not on TV all the time). But, she always, always comes back. This chick is disgusting. Though, she definately knows what she is talking about.
- that guy from Goldman Sachs (a.k.a.: TGFGS)
Posted by NotNasser , Jan 20, 2009 3:29PM
#13,
I hang out at a lot of velvet-upholstered Asian taxidermy-filled hunting lodges, and I resent the insinuation that I'm ... hey, Mr. Hat, what are you doing???
- Mr. Garrison.
Posted by guest , Jan 20, 2009 4:56PM
She's gotten it right and gotten it right for the right reasons before. So what's with the Meredith bashing?
Posted by guest , Jan 20, 2009 6:08PM
Funny to see all these market-oriented bankers complaining that Meredith is being too mean. As their companies throw people out of homes ...