Posts Tagged ‘citi’

Down a Smidgen


Last week, you’ll recall that President Obama sought to calm concerns over the plummeting stock market by comparing it to a daily tracking poll in politics. This was shockingly insensitive – as if real lives aren’t being crushed by the loss of wealth the nation, and the world, is experiencing. Yesterday, though, Obama did it […]

Bigger Piggies


The pigs at the top are starting to wonder if it’s worth getting up in the morning. The high-flying execs at Citigroup caved under pressure from President Obama and decided today to abandon plans for a luxurious new $50 million corporate jet from France. Have you seen the little piggies Crawling in the dirt And […]



“You’re seeing an inept management team being rewarded by the U.S. government,” said William Smith, chief executive of Smith Asset Management in New York, which owns Citigroup stock. That’s the reaction of one investor to the new government bailout of Citibank. How does the government, where the status quo is sustained indefinitely no matter how […]