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I heard they're gonna bring back Druskin to head up Citi Holdings.
It's lucky for Bob Rubin that he doesn't live in China.
At Citi, this is called relative strength.
This guy was a fan of Chuck Prince too. Never trust anybody with the middle initial X.
I wonder how much money McKinsey has taken from Citi shareholders to put this garbage into Pandit's mouth.
It might be the other way around eventually if Pandit stays at the helm.
I'd like to see Bob Rubin do the perp walk. These low level guys were sacrificed, so the real crooks, like the phony Rubin, could maintain the facade of being above the fray.
It sounds as though Citigroup dumped their bad paper on a bunch of unsuspecting mom & pop investors. I'm sure the lawyers estimated the losses from lawsuits beforehand. But, how does His Majesty Bob Rubin continue to avoid criticism for Citi's sleazy behavior? And isn't this yet another black eye for Mrs. Clean?
Look, I'm no Cramer groupie, but it sounds to me as though you are deliberately confusing a suggestion to a CLIENT of Bear that his money is safe with a recommendation to a SHAREHOLDER of Bear not to sell his stock. My reading of the exchange is that the guy was a client. If so, his money will now be at JPM.
Please let it be Rubin. He should have been pushed out long ago.
How Chuck Prince Got Done In By The Man Who Made Him King
That stubborn fool, Chuck Prince, never should have gotten close to the top of Citigroup. I keep reading about how so few individuals are qualified to run Citi. But honestly, any local community banker would have had a better handle on things than this dumbass.
This guy has it right. The problem is not simply that Prince is a lawyer rather than a businessman. The real problem is that this lawyer is a Sandy Weill disciple, whose devotion to Weill's vision precludes him from even considering a breakup, despite clear evidence that the Financial Supermarket is a failed model.