Monday, November 24, 2008

CitiGroup saved????

Can anyone please tell me why Citi is up today? This chart looks just like WAMU before it died...

So, the US government guarentees the crap on the books and we should all be happy!!! NO is the simple answer, these companies are still being run by the same "risk" people who put the firms in trouble.

Same if you save GM, Ford and Chrysler...The old way that they ran the companies did not work....Time to let someone big (outside of wall street) fail....Wake up management and boards at other companies..

UGH

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