Comments on: Quotes of the day: Buiter on Citi

By: Anonymous

Anonymous — Wed, 16 Dec 2009 19:55:20 +0000

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By: Bob

Bob — Wed, 02 Dec 2009 02:54:54 +0000

It’s like what P. Obama did by putting former Fed Chairman Paul Volker in his Admin. Volker is respected as a credible economist who beat inflation. Too bad he is destroying his reputation by associating with a socialist tax and spender like P. Obama!

By: Diversity

Diversity — Tue, 01 Dec 2009 14:30:49 +0000

From the shareholders point of view – including all the taxpayers who are very reluctant shareholders – we must hope that Willem Buiter will be able to target his aim on the key points inside the Citi tent.

By: M.G. in Progress - The Unbearable Lightness of Being an economist

M.G. in Progress - The Unbearable Lightness of Being an economist — Tue, 01 Dec 2009 08:14:13 +0000

Well Prof Buiter I do hope you can advise Citigroup how to become a “good bank” and when you sit in the Global Investment Committee you can explain how their plutonomy concept (basically inequality of income in the world) generated this financial crisis rather than being a simple global investment opportunity catering only for the richer.

By: Willem H. Buiter

Willem H. Buiter — Mon, 30 Nov 2009 22:52:20 +0000

I joined Citi for two reasons. First, because Citi is the one truly global bank. Second, because Citi is an institution that, following its challenges during the global financial upheaval of late 2008 – early 2009, changed course resolutely and radically to return to its core strengths: global commercial banking, financial infrastructure services and investment banking.The global scope of Citi’s activities and its presence in every systematically important asset market mesh very well with my long-standing interest in open economy macroeconomics and in the joint determination of economic activity, inflation and asset prices and rates of return.I am pleased, proud and honoured that this Citigroup has appointed me its Chief Economist.

By: Economics of Contempt

Economics of Contempt — Mon, 30 Nov 2009 22:02:22 +0000

Of course, Chief Economist is a famously unimportant position in megabanks — they’re props for clients and the media, and they generally don’t have any say whatsoever over what the bank actually does. But still, I’m surprised Citi would go with such a well-known “shoot first, ask questions later”-type economist. As a partially government-owned bank, I’d think Citi would want to play it safe for the time being.

By: M.G. in Progress - The Unbearable Lightness of Being an economist

M.G. in Progress - The Unbearable Lightness of Being an economist — Mon, 30 Nov 2009 21:49:51 +0000

How can we reconcile Plutonomy and good bank for Citigroup?http://mgiannini.blogspot.com/ 2009/11/plutonomy-and-good-bank-for-citi group.html

By: dianeb

dianeb — Mon, 30 Nov 2009 18:58:41 +0000

Maybe they just thought it would be better to have him inside the tent pissing out.The C group boys have been too buy pissing themselves, maybe they thought Buiter could teach them how it’s supposed to be done.

By: TW Andrews

TW Andrews — Mon, 30 Nov 2009 17:55:26 +0000

Maybe they just thought it would be better to have him inside the tent pissing out.They should consider that it’s a lot easier to piss in the tent from the inside.

By: M.G. in Progress - The Unbearable Lightness of Being an economist

M.G. in Progress - The Unbearable Lightness of Being an economist — Mon, 30 Nov 2009 17:24:45 +0000

Let’s see if he can “supervise” the inventors of Plutonomyas Global Equity Strategy!!! In his new movie, Michael Moore mentions the Citigroup document of 2005 on plutonomyHere:http://jdeanicite.typepad. com/files/6674234-citigroup-oct-16-2005- plutonomy-report-part-1.pdf

By: M.G. in Progress - The Unbearable Lightness of Being an economist

M.G. in Progress - The Unbearable Lightness of Being an economist — Mon, 30 Nov 2009 16:48:57 +0000

Mr. Buiter wrote of Citigroup: “a conglomeration of worst-practice from across the financial spectrum”.

By: M.G. in Progress - The Unbearable Lightness of Being an economist

M.G. in Progress - The Unbearable Lightness of Being an economist — Mon, 30 Nov 2009 16:40:03 +0000

If you cannot win against your enemies make them your friends and allies. If then you can recruit…