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Citi: We Literally Have No Idea What Mike Mayo Is Talking About

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So Mike Mayo said earlier that Citi "may have to write down about $10 billion in deferred tax assets in the fourth-quarter" and Steve Liesman reports that the House of Vikula had this to say in response: "We have no idea how analysts came to this conclusion."
Here were some earlier drafts of the statement which would've been released had a media representative not intercepted :
* WTF?
* Is he insane?
* No seriously, Mayo, what are you smoking?
* We got nothing.
* What a whackjob this guy is

* Not even the Dollar Dom is this nuts
* We've pulled a lot of stuff out of our asses but this takes the cake
* That can't be right but we have no idea why-- CHALLENGE
* [Your call]


Dick Parsons Actually Gives Mike Mayo What He Wants

Is Mike Mayo the most powerful man on Wall Street, able to bend CEOs and bank chairmen to his will with the greatest of ease? If you'd asked us days ago we would have said "Well he does have a varsity analyst jacket but eh." Today? The answer is we have no idea but Dick Parsons is certainly helping make that case by not only complying with the demands of Mayo but doing so on his specified time schedule. [WSJ, Earlier: “I think that Parsons should leave in the next two weeks,” said Mayo on Feb. 23]