Citigroup Schmittygroup


Bloomberg is trying to play off the biggest two day market gain since 1987 on the Citirescue. Hogwash, we say. Only the revealing of Obama's Economic Superfriends could have such an impact. 58% gain on a loan guarantee? Next think you know Bloomberg will be claiming Latin American Debt Forgiveness is responsible for emerging market recoveries.
U.S. Stocks Post Biggest Two-Day Rally Since 1987 on Citigroup [Bloomberg]


Citigroup Did It! Sort Of!

[Mike Corbat wipes sweat off brow.]

Layoffs Watch '12: Citigroup

As promised, new CEO Mike Corbat will be firing a few thousand people as part of the bank's weight reduction program.