Comments on: Be careful what you wish for, Vikram http://blogs.reuters.com/felix-salmon/2009/12/18/be-careful-what-you-wish-for-vikram/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: LucidOne http://blogs.reuters.com/felix-salmon/2009/12/18/be-careful-what-you-wish-for-vikram/comment-page-1/#comment-10187 Fri, 18 Dec 2009 21:18:14 +0000 http://blogs.reuters.com/felix-salmon/2009/12/18/be-careful-what-you-wish-for-vikram/#comment-10187 That anyone bought that garbage stock “C” at this juncture is amazing. Considering the losses suffered after previous stock offerings, I am surprised anyone bothered. They are either hoping for a monster rebound, or have too much money to play with.

Its interesting to note that Citi is basically the only bank whose stock has failed to recover as admirably as its competitors.Its also basically the only bank that still has significant writedowns in the pipeline, (BoA probably does too, but they appear to have the ability and resources to weather them.)

Instead of propping Citi up, Treasury should have forced them to divest their operations into independent units. They are a perfect example of a company that should be broken up. Otherwise, the sore will continue to fester, dragging down the sector and economy.

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