Citibank CEO Upbeat In Private Memo
Says Company Is Having Best Quarter Since 2007…
Citibank CEO Vikram Pandit sounded an upbeat note about his bank’s future today saying the financial giant is having its “best quarter-to-date performance since the third quarter of 2007.”
Considering the stock is down 95% in the past year, that’s quite a snappy vote of confidence from the head guy.
Combine that with Pandit’s giddy assessment that Citigroups deposits are “relatively stable” after a $300 billion capital infusion which made the Federal government the financial firm’s largest shareholder and it’s enough to make you want to mortgage your house to buy Citibank stock.
Oh, wait. If you’re a taxpayer you already own Citibank stock.
Analysts note that, with the government throwing money at Citibank like it was rice at a wedding, the firm’s stock could crest somewhere above two dollars in as little as 23 years.
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It’s a nice day for a literal ‘White Wedding’
Dear Mr. Vikram Pandit,
I have the utmost respect for you, since I have been watching and listening to your skilled knowledge how to keep America ahead financially when you appeared in the telecast with Maria Bartoloma this week with other Banker CEO’s & COO’s.
“You are a true American!” A man who will go out there and protest, protect and stand up against our country’s arrogant generation of fascist, communistic, liberals and socialistic politicians. We need you to continue your efforts in correcting this negative movement.
At this point,I visually see how the footings are being placed in the foundation of Communism and on the other side of the world, India, this last weekend, voted out “Communism”….what are Americans doing to our country! I don’t want to live in “communism” in my elder years. I want my FREEDOM of Prosperity and my AMERICAN WAY back!
Please HELP our Country….and you can call on my anytime. All you have to do is email me and I WILL BE THERE!
Obama and his Administrator is killing AMERICA!