Earlier this morning, Fortune hosted a breakfast with Vikram Pandit to pick his brain on what’s been a’ poppin’ at Citi and the economy in general. According to Pandit, the Big C will report a profit for the third quarter and he does “not expect the U.S. to go into a recession,” which is all very exciting news. When asked about the individuals occupying Wall Street, he said that their grievances are “completely understandable” and that “trust has been broken between financial institutions and citizens.” And that’s not all.

At the end, he broke through the lip service by adding: “I’d be happy to talk to them anytime they want.”

Sounds like just a bunch of corporate BS from a so-called “fat cat” who can’t relate to what it’s like, right? Wrong! Lest anyone forget, until recently, Pandit was one of them.

Me and Vikram, down by Zuccotti Park [Term Sheet]
Citigroup CEO: No U.S. recession coming [Fortune]
Earlier: Vikram Pandit Looks Forward To “The Day When He Is Going To Earn More Than $1 A Year”

47 comments (hidden to protect delicate sensibilities)
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Comments (47)

  1. Posted by Not Me | October 12, 2011 at 12:04 PM

    Vikram is making 100% what my bonus was.
    -UBS Quant

  2. Posted by guesticles | October 12, 2011 at 12:08 PM

    Filthy liar, everyone knows UBS doesn't have that kind of capital!

    – UBS MD

  3. Posted by desksoda | October 12, 2011 at 12:14 PM

    I'm too drunk, to taste this chicken

    – Colonel Sanders

  4. Posted by IgnorantBastards | October 12, 2011 at 12:14 PM

    0 * 100% = ?

  5. Posted by Guest | October 12, 2011 at 12:24 PM

    Me and Vikram sitting in a tree….t.r.a.d.i.n.g…

    First comes stocks,
    then comes bonds,
    then comes CDRs,
    then everything crashes and no marriage.

  6. Posted by AIG Quant via LEH | October 12, 2011 at 12:29 PM

    I don't understand.

  7. Posted by guest | October 12, 2011 at 12:31 PM

    horrible. simply horrible.

  8. Posted by Markus Niku | October 12, 2011 at 12:33 PM

    what's a CDR?????????

  9. Posted by D | October 12, 2011 at 12:34 PM

    Pandit & Wollensky

  10. Posted by AIG Quant via LEH | October 12, 2011 at 12:34 PM

    So OWS scum are secret Iranian agents. I say get out your jack boots and stomp, stomp, stomp. Well, except for the cute chicks that have other uses.
    http://www.bbc.co.uk/news/world-us-canada-1527892

  11. Posted by Guest | October 12, 2011 at 12:36 PM

    Exactly.

    – UBS CFO

  12. Posted by Guest | October 12, 2011 at 12:39 PM

    Were not mad, just disappointed.

    – Your Parents

  13. Posted by Guest | October 12, 2011 at 12:40 PM

    Worst thing I've ever read on here by far. And I have read Kouwe's articles.

  14. Posted by agreatdaytothink | October 12, 2011 at 12:40 PM

    Constant Default Rate

    – CMBS pro who somehow thinks Guest didn't really mean to use CDR, but probably heard toxic acronyms CMBS, MBS, ABS, CDO, CLO, CMO in the pizza buffet line, and got a little bit confused.

  15. Posted by guest | October 12, 2011 at 12:40 PM

    Oh well, we need a legitimate reason to invade Iran to stave off the imminent recession.

  16. Posted by remedy | October 12, 2011 at 12:42 PM

    um. yeah

    remedial English required

    – no soup for you!

  17. Posted by guesticles | October 12, 2011 at 12:43 PM

    Speaking of Kouwanus, has anyone been able to spot him amongst OWS protestors?

    – Kouwe's Mom

  18. Posted by Alt_EST | October 12, 2011 at 12:44 PM

    OWS,

    Meet me at Minetta's. I'll be the guy in the close-cut Brioni. Smell like garbage and get self-rightous when they don't let you in so I know its you.

    -V. Pandit

  19. Posted by Guest | October 12, 2011 at 12:45 PM

    $1.75mm is peanuts to what he sold off his now defunct hedge fund for. Are we allowed to say that or are we still in pretend mode?

  20. Posted by AIG Quant via LEH | October 12, 2011 at 12:45 PM

    I think we need to invade lower Manhattan first and clear the streets. Iran next.

  21. Posted by PermaGuestII | October 12, 2011 at 12:45 PM

    Shouldn't you be invading Poland or something?

  22. Posted by Vikram | October 12, 2011 at 12:51 PM

    Would you feel better if I told you that I poured the proceeds into C shares at pre-reverse-split-adjusted $550?

    No, of course not. Nobody would be that stupid.

  23. Posted by Guest | October 12, 2011 at 12:52 PM

    Thanks Matt!

  24. Posted by pazzo83 | October 12, 2011 at 1:09 PM

    You guys, I thought it was spectacularly funny.

    – UBS Humor Quant

  25. Posted by chris | October 12, 2011 at 1:13 PM

    pretend

    – B.Moynihan

  26. Posted by D | October 12, 2011 at 1:14 PM

    COD?

  27. Posted by Guest | October 12, 2011 at 1:17 PM

    Please go back to whatever floor word processing is located on.

    – Front Office

  28. Posted by Guestz | October 12, 2011 at 1:24 PM

    Vikram & Wollensky

  29. Posted by Berns | October 12, 2011 at 1:40 PM

    Does my accounting. Small outfit upstate.

  30. Posted by Short vol | October 12, 2011 at 1:43 PM

    Smacks of the tone of hakuna goon.

  31. Posted by trojan_ | October 12, 2011 at 2:07 PM

    We were invited. Punch vas served. Check vit Poland.

  32. Posted by Guest | October 12, 2011 at 2:14 PM

    Hindus are the new Jews, Vikram says 'get my samosa you punk'.

  33. Posted by Not Me | October 12, 2011 at 2:14 PM

    A blank CD that you can burn data or music on.
    -LEH ABS Quant

  34. Posted by Moonbeam Vik | October 12, 2011 at 2:20 PM

    Oh, and I forgot to add that I am in the 99% too, C is down exactly 99.2% from its peak.

  35. Posted by Ragnar | October 12, 2011 at 2:27 PM

    To all OWSers who have just now found DB.. We are looking for a front man to our wall st themed screamo band, approrpriately named "bridge to nowhere". Please apply below.

  36. Posted by hok | October 12, 2011 at 2:36 PM

    hearing Citi had a munchin contest, 50 in 4 mins, have no idea if it's true.

  37. Posted by Timmy G. | October 12, 2011 at 2:50 PM
  38. Posted by Guest | October 12, 2011 at 6:26 PM

    Well, I can stand only so many NKI and OKI jokes.

    p.s. Glad I didn't login in when I posted that.

  39. Posted by Indian Chef | October 12, 2011 at 6:29 PM

    Dude….. Hindus have been always been the old Jews. Don't you forget it.

  40. Posted by No Mattada | October 12, 2011 at 6:31 PM

    No Short Vol. It wasn't the Hakuna goon.

  41. Posted by Guest | October 12, 2011 at 6:32 PM

    Sorry Mom/Dad, now you know why I ended up on Wall Street as a banker.

  42. Posted by Guest | October 12, 2011 at 6:41 PM

    Don't you mean Matt's articles?

  43. Posted by Guest | October 12, 2011 at 8:45 PM

    …and sometimes that's worse

  44. Posted by Guest | October 13, 2011 at 1:24 AM

    He meant "choke"

  45. Posted by Guest | October 13, 2011 at 1:26 AM

    you forgot MBA, CFA

  46. Posted by TheBunnyOfDoom | October 13, 2011 at 5:12 AM

    You know, following an unfunny joke with an even less amusing joke doesn't really help

  47. Posted by ubezpieczenie nnw sport | October 2, 2012 at 9:26 PM

    Awesome blog article.Really looking forward to read more. Awesome.