So happy to accept this award.
Oh that’s right, ladies. Citi has actually beat Goldman Sachs (and Morgan Stanley) at something. True, it’s the number of times the bank tapped the Federal Reserve’s credit facilities but they will take what they can get!
Goldman Sachs tapped that ass an impressive 84 times, Morgan Stanley topped GS with 212 times in the period between March 2008 and March 2009 but no one was a match for Citi, which “used the Primary Dealer Credit Facility almost daily” through April 2009. Suck on that, Lloyd! Vikram runs this house.
Goldman, Citi, Morgan Stanley Used Fed Facilities Heavily [WSJ]
“my dream job in dream company”
what do you mean: “Train Wreck”
youszzze crazy bess………..youzzze crazy baby girl
I would like to ‘tap’ a certain editor
Can’t wait to see the full page ad in the Journal highlighting this accomplishment.
Too much ass tapping leads to cardiac arrest? Must remember that.
since the gov’t owned a majority of Citi weren’t they just borrowing from themselves? That is definitely the NKI
They’re not necessarily mutually exclusive, you know.
Jonathan Luther “Casey” Jones
Six-foot-under, Mississippi
Well, obviously. Lloyd and Co. are only working, what, 16 hours a day? Citi stays awake borrowing from the Fed 24/7.
“I just want to thank all of the people that made this possible. I’m only one man, and we couldn’t have done this without: Prince Al-Waleed bin Talal for believing in us, Rich Parsons for taking a truely hands-off approach to corporate governance, Tim, Ben, and Hank for setting all this up, Greenspan for the accomodative monetary policy, Sandy Weill for being my father and a true inspiration…oh God I know I’m forgetting so many people…oh Senator Graham, and Representatives Leach and Bliley, where would I be with out you…HEY DON’T START WITH THAT VIOLIN MUSIC. DAMNIT, DON’T YOU DARE CUT OF MY-”
I can’t wait for the day that bankers are compensated based on the contributions they make to the firm’s enterprise value.
Thank you kindly for the second hat tip of the day. Would you be available to speak with our marketing team some time? I think you could really add something.
Vik
BTW – I should probably mention that Lloyd was most gracious in defeat. He sent his congratulations and a fruit basket.
The ECB 271 times? You’re a central bank and you can’t create your own money?!?!?!
hilarious, please tell us more jokes.
Did they have to wear a red bracelet or sign a log book each time?
hmmm, looks like UBS still sucks…only 8x for a total of $35bn.
Citi never sleeps – because there are no chairs in the line at the discount window.
Right, I hope that was supposed to be a joke.
If not: The ECB hit up the Central Bank Liquity Swap Lines, not the PDCF. The ECB can only run the printing press in its own currency, and at the time everyone wanted dollars so the Fed set up these swap lines so other central banks could meet their domestic demand for dollars as opposed to euros, peso, krona, etc.
Let’s get back to the topic at hand: The Druries are back in the blue satin top. And Bess will go nuts!
tru dat
Don’t worry about dollars. There is plenty of domestic demand for my currency.
-Vietnam
What’s a Druries/Why does UBS suck?
UBS sucks because they don’t know about the Druries
In Soviet Russia, the Druries suck UBS.
Electronic swipe cards were utilized.
Someone’s doing god’s work.
-not UBS sucks guy but a fan
Only time I’ve ever been jealous about anything about UBS
Wait, what?
Vickles: Listen here guys, they’re only paying me a buck a year, how else am I supposed to feed my mini-giraffe? Moneys gotta come from somewhere.
You see, I’m an advocate of dadaist financial reform.