Sunday, November 1, 2009
Can Citigroup Carry Its Own Weight? No. Given $45 billion TARP and FDIC - gov guaranteed $300 bill in bad assets. Over past 80 years, it has been bailed out 4 times by US gov. In Oct 09, raised some credit cards rates to 30%. 200 mill customers in 100 countries.. Citigroup is the queen of the zombie dance.
