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Credit Suisse: This Is Just Like That Time Citi Was In The Toilet!

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You know, other than now. Credit Suisse analysts issued a report today that is supposed to make you feel better about the "issues" shares of Merrill Lynch, Lehman Brothers and Citi have been having of late, by reminding us that the Big C has so be here before, like that time its shares fell 77 percent from October 1989 to December 1991. Then Prince Alwaleed swooped in and bailed them out and by late 1992, things were just dandy. The note is all very rah-rah and "we're going to pull through this!" and "Citi and all the other losers will be great again!" Up until the very end, of course, at which time CS pussies out, and recommends "sticking with strength": Goldman and Morgan Stanley.
Deja Vu [Credit Suisse]


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