The bank has “no time frame” for naming new directors, which Dick Parsons told Thompson when he was “crossing the street.” The situation is fluid.
Update: Okay, this actually is breaking. Parsons apparently also told Thompson that the Big C’s management has its “arms around” the situation. Gasparino to add more color on the reach around asap.

Comments (7)

  1. Posted by guest | February 27, 2009 at 1:11 PM

    I didn’t know CNBC knew what breaking news was….huh. Fox Business news has Cheryl Casone……does yours?

  2. Posted by guest | February 27, 2009 at 1:14 PM

    Does the government really think that Parsons is qualified to find competent directors to salvage this mess after this clown ran AOL Time Warner into the ground. This guy belongs on the back of a garbage truck.

  3. Posted by guest | February 27, 2009 at 1:16 PM

    Couldn’t they just padlock all the Citigroup properties OR turn them into used car lots.

  4. Posted by Seaman Bodine II | February 27, 2009 at 1:21 PM

    in this defining moment, liz clamans tits are hereby nominated to the new board of the US Bank of IRS, and she will run the East Coast unit, formally known as Citibank

  5. Posted by Anal_yst | February 27, 2009 at 1:29 PM

    @2
    You’re clearly giving “the government” way too much credit…

  6. Posted by Anal_yst | February 27, 2009 at 1:31 PM

    @2
    You’re clearly giving “the government” way too much credit…

  7. Posted by guest | February 27, 2009 at 1:47 PM

    Seaman Bodine II you and Liz have my vote. Mr. Akron

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