It’s a Good Day
The Big C finally got rid of the inept hedge fund “manager” who finished destroying their franchise.
Of course, maybe this time they will replace him with Timmeh, instead of just pretending they will so he swallows more and harder. Just in case Orszag isn’t enough.
Still not buying, but I would seriously consider closing a short position.
Update: Ben Walsh chez Felix says everything I tried to imply, except the one thing that has been outstanding for years: WTF took the Board so long?
This will be a victory only if Citi is broken up.
Amen, rusty.
Sheila Bair tears him a new one in her recent book. I’m constantly amazed at the incompetency of some, er most? in high places. I guess it goes to show that we’re more alike as individuals than different.