Yes, Citigroup tries to play the ‘Too Big Too Fail’ card which is exactly what happens when you allow unqualified individuals manage a company. Some still refer to Citigroup as a financial giant based on the amount of liabilities on their books.
Citigroup attempted to acquire Wachovia with federal help (how pathetic can one management team possibly be?) in order to cement their ‘Too Big Too Fail’ position…but they failed too do that.
There were talks that the lousy excuse of a bank considered to sell a few liabilities and their share price rose pre-market on Friday (Citigroup shares leap on reports of firm’s sale; AP).
After the hopes for a sale Citigroup’s biggest idiot, CEO Pandit, squashed those hopes and said that rumors are at the heart of their problems (Citigroup’s Pandit: We will not sell Smith Barney; CNBC).
Oh really?
So rumors have caused you to mismanage the company…Pandit…you are a retarded piece of shit…just admit that you screwed the company in the ass and quit blaming everyone else…you are the toad fucker who is the CEO and you are responsible for what happens and not some rumors in the markets which were started after it became clear that you are worthless…simply ridiculous!
Finally, Citigroup’s share price approaches fair value (Pressure on Citigroup builds, shares fall below $4; AP).
Only $3 off the share price and the departure of Pandit and his mismanagement team and fair value should be reached.
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