"I have a mind like a steel... uh... thingy." Patrick Logan's weblog.
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Thursday, November 13, 2008
We Have A Problem: Citi
From portfolio.com...
"America, we have a problem. Citigroup is the largest bank in America,
with a balance sheet of over 2ドル trillion -- and it's also the most
dysfunctional. Since Vikram Pandit took over, Citi has lost not only
20ドル billion but also more than 70% of its market capitalization,
making it now worth significantly less than, say, Genentech.
...
Citi might well turn out to be Hank Paulson's largest and biggest headache."
http://www.portfolio.com/views/blogs/market-movers/2008/11/13/citis-desperate-straits?tid=true
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About Me
- Patrick Logan
- Portland, Oregon, United States
- I'm usually writing from my favorite location on the planet, the pacific northwest of the u.s. I write for myself only and unless otherwise specified my posts here should not be taken as representing an official position of my employer. Contact me at my gee mail account, username patrickdlogan.
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