Tuesday, November 25, 2008

In Charge at Citibank

It makes ya' wonder, doesn't it?  If anyone's in charge at Citibank, they certainly made some serious errors in judgement.

Citibank Never Figured That Housing Prices Would Drop

There is an article in the NYT on the fall of Citibank that has some startling admissions, but none more shocking than this: I'm watching a lot of CNBC these days (which I admit is like standing next to a roulette table), where they are arguing right now about who is responsible for the Citibank disaster, which is being described as "a slow moving train wreck." WSJ op-ed wonders "Why are[...]


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