Tags: blind items, Citi, Dick Bové, freeze-outs, MEREDITH WHITNEY, remember this? "SHAME ON CITIGROUP", Vikram Pandit
Charlie Gasparino is apparently going to reveal the winning answer shortly but for those of you whose offices don’t have the TV’s turned to FBN, let’s take some stabs at it. Historically, Meredith Whitney has been the analyst with whom the bank has had the most beef, so she should be the first name that comes to mind. We can confidently cross her name off the list, though, ’cause they don’t have the balls. I suppose it could be Dick Bové but are they really looking for another tear-streamed freak-out? Probably not. So, who then? Mayo? Some bucket shop pissant you’ve never heard of so C can feel like a big man without having a certain dominatrix shove a shiv up their asses?
Update: And Mayo is the winner of the Count Vikula cold shoulder!
Mike Mayo, of the securities firm CLSA, has been telling investors that Citigroup should take a writedown, or a loss of some $50 billion of “deferred-tax assets,” or DTAs. That is a tax credit the firm has on its financial statement that Mayo says is inflating profits at the big bank…Mayo’s continued criticism of the firm’s accounting has turned a testy relationship between Pandit and Mayo into one of the most-bitter analyst-CEO confrontations seen on Wall Street for some time. When asked about the matter, a spokeswoman for Citigroup would only say “I have no comment on Mike Mayo.” Mayo told FBN: “I’d like to know why all my competitors get meetings with Pandit and the key people there and I don’t.”