Citigroup CEO May Resign

[The OC Scam]

Yeah very tuff when you screw up which accounts for recording breaking losses and receive a million dollar settlement. This is why I’m trying to screw up in my current position and in a month I will ask for a 5 year’s salary package to get rid of me!

[The OC Scam]

Yeah very tuff when you screw up which accounts for recording breaking losses and receive a million dollar settlement. This is why I’m trying to screw up in my current position and in a month I will ask for a 5 year’s salary package to get rid of me!

[bsrsharma]

Top US analyst hits back after death threats over Citigroup downgrade
Tom Bawden in New York

Meredith Whitney: The $360bn analyst | Citigroup fears send Wall Street reeling | Citigroup chief is about to quit amid mounting woes | Wall St braced for $10bn more credit crunch hits

Meredith Whitney, the analyst who prompted a $369 billion (£177 billion) plunge in the value of US shares on Thursday by issuing a negative note on Citigroup, hit out at Wall Street’s culture of intimidation yesterday after receiving several death threats from investors in the bank.

Ms Whitney, a CIBC analyst who is married to the former World Wrestling Entertainment champion Death Mask, prompted a near 7 per cent drop in Citigroup’s shares on Thursday, after suggesting that the bank needed to raise more than $30 billion to restore its capital cushion.

She also downgraded her recommendation on Citigroup’s shares to “market underperform” in the note that set off America’s biggest stock market decline since August.

Ms Whitney, Forbes’s second-highest ranked stock picker for 2007, told The Times: “People are scared to be negative, especially when a company has such a wide holding. Clients are not pleased with my call and I have had several death threats.

“But it was the most straightforward call I’ve made in my career and I am surprised my peer analysts have been resistant. It’s so straightforward, it’s indisputable.”…..

http://business.timesonline.co.uk/tol/business/markets/article2796774.ece

[bsrsharma]

Top US analyst hits back after death threats over Citigroup downgrade
Tom Bawden in New York

Meredith Whitney: The $360bn analyst | Citigroup fears send Wall Street reeling | Citigroup chief is about to quit amid mounting woes | Wall St braced for $10bn more credit crunch hits

Meredith Whitney, the analyst who prompted a $369 billion (£177 billion) plunge in the value of US shares on Thursday by issuing a negative note on Citigroup, hit out at Wall Street’s culture of intimidation yesterday after receiving several death threats from investors in the bank.

Ms Whitney, a CIBC analyst who is married to the former World Wrestling Entertainment champion Death Mask, prompted a near 7 per cent drop in Citigroup’s shares on Thursday, after suggesting that the bank needed to raise more than $30 billion to restore its capital cushion.

She also downgraded her recommendation on Citigroup’s shares to “market underperform” in the note that set off America’s biggest stock market decline since August.

Ms Whitney, Forbes’s second-highest ranked stock picker for 2007, told The Times: “People are scared to be negative, especially when a company has such a wide holding. Clients are not pleased with my call and I have had several death threats.

“But it was the most straightforward call I’ve made in my career and I am surprised my peer analysts have been resistant. It’s so straightforward, it’s indisputable.”…..

http://business.timesonline.co.uk/tol/business/markets/article2796774.ece

[bsrsharma]

Top US analyst hits back after death threats over Citigroup downgrade
Tom Bawden in New York

Meredith Whitney: The $360bn analyst | Citigroup fears send Wall Street reeling | Citigroup chief is about to quit amid mounting woes | Wall St braced for $10bn more credit crunch hits

Meredith Whitney, the analyst who prompted a $369 billion (£177 billion) plunge in the value of US shares on Thursday by issuing a negative note on Citigroup, hit out at Wall Street’s culture of intimidation yesterday after receiving several death threats from investors in the bank.

Ms Whitney, a CIBC analyst who is married to the former World Wrestling Entertainment champion Death Mask, prompted a near 7 per cent drop in Citigroup’s shares on Thursday, after suggesting that the bank needed to raise more than $30 billion to restore its capital cushion.

She also downgraded her recommendation on Citigroup’s shares to “market underperform” in the note that set off America’s biggest stock market decline since August.

Ms Whitney, Forbes’s second-highest ranked stock picker for 2007, told The Times: “People are scared to be negative, especially when a company has such a wide holding. Clients are not pleased with my call and I have had several death threats.

“But it was the most straightforward call I’ve made in my career and I am surprised my peer analysts have been resistant. It’s so straightforward, it’s indisputable.”…..

http://business.timesonline.co.uk/tol/business/markets/article2796774.ece

[bsrsharma]

Top US analyst hits back after death threats over Citigroup downgrade
Tom Bawden in New York

Meredith Whitney: The $360bn analyst | Citigroup fears send Wall Street reeling | Citigroup chief is about to quit amid mounting woes | Wall St braced for $10bn more credit crunch hits

Meredith Whitney, the analyst who prompted a $369 billion (£177 billion) plunge in the value of US shares on Thursday by issuing a negative note on Citigroup, hit out at Wall Street’s culture of intimidation yesterday after receiving several death threats from investors in the bank.

Ms Whitney, a CIBC analyst who is married to the former World Wrestling Entertainment champion Death Mask, prompted a near 7 per cent drop in Citigroup’s shares on Thursday, after suggesting that the bank needed to raise more than $30 billion to restore its capital cushion.

She also downgraded her recommendation on Citigroup’s shares to “market underperform” in the note that set off America’s biggest stock market decline since August.

Ms Whitney, Forbes’s second-highest ranked stock picker for 2007, told The Times: “People are scared to be negative, especially when a company has such a wide holding. Clients are not pleased with my call and I have had several death threats.

“But it was the most straightforward call I’ve made in my career and I am surprised my peer analysts have been resistant. It’s so straightforward, it’s indisputable.”…..

http://business.timesonline.co.uk/tol/business/markets/article2796774.ece

[davidt1]

Geez, what a big surprise! Financial stocks have going down for months now. C just hasn’t been hit as hard as the other stocks. How did the media know C caused the market to fall? Did they call investors and ask them if they were selling because C was downgraded? I just can’t picture some joe six-pack saying, “Oh my god, C is in trouble. I better dump WMT.” A few days ago, the headline said, “Market rallies on CFC statement and MSFT earnings.” when the market went up. Do people ever stop for a second to ask questions when they see such silly headlines?

[davidt1]

Geez, what a big surprise! Financial stocks have going down for months now. C just hasn’t been hit as hard as the other stocks. How did the media know C caused the market to fall? Did they call investors and ask them if they were selling because C was downgraded? I just can’t picture some joe six-pack saying, “Oh my god, C is in trouble. I better dump WMT.” A few days ago, the headline said, “Market rallies on CFC statement and MSFT earnings.” when the market went up. Do people ever stop for a second to ask questions when they see such silly headlines?

[davidt1]

Geez, what a big surprise! Financial stocks have going down for months now. C just hasn’t been hit as hard as the other stocks. How did the media know C caused the market to fall? Did they call investors and ask them if they were selling because C was downgraded? I just can’t picture some joe six-pack saying, “Oh my god, C is in trouble. I better dump WMT.” A few days ago, the headline said, “Market rallies on CFC statement and MSFT earnings.” when the market went up. Do people ever stop for a second to ask questions when they see such silly headlines?

[davidt1]

Geez, what a big surprise! Financial stocks have going down for months now. C just hasn’t been hit as hard as the other stocks. How did the media know C caused the market to fall? Did they call investors and ask them if they were selling because C was downgraded? I just can’t picture some joe six-pack saying, “Oh my god, C is in trouble. I better dump WMT.” A few days ago, the headline said, “Market rallies on CFC statement and MSFT earnings.” when the market went up. Do people ever stop for a second to ask questions when they see such silly headlines?

[Allan from Fallbrook]

Wall Street Journal is reporting that Prince will resign tomorrow (Sunday) and that the Citigroup board is having an emergency meeting to discuss write-down related issues, Prince’s departure and problems associated with credit crunch and liquidity.

I would be willing to bet that Jimmie Cayne at Bear Stearns is next to go. There are rumors floating around that Bear is in play right now.

[Allan from Fallbrook]

Wall Street Journal is reporting that Prince will resign tomorrow (Sunday) and that the Citigroup board is having an emergency meeting to discuss write-down related issues, Prince’s departure and problems associated with credit crunch and liquidity.

I would be willing to bet that Jimmie Cayne at Bear Stearns is next to go. There are rumors floating around that Bear is in play right now.

[Allan from Fallbrook]

Wall Street Journal is reporting that Prince will resign tomorrow (Sunday) and that the Citigroup board is having an emergency meeting to discuss write-down related issues, Prince’s departure and problems associated with credit crunch and liquidity.

I would be willing to bet that Jimmie Cayne at Bear Stearns is next to go. There are rumors floating around that Bear is in play right now.

[Allan from Fallbrook]

Wall Street Journal is reporting that Prince will resign tomorrow (Sunday) and that the Citigroup board is having an emergency meeting to discuss write-down related issues, Prince’s departure and problems associated with credit crunch and liquidity.

I would be willing to bet that Jimmie Cayne at Bear Stearns is next to go. There are rumors floating around that Bear is in play right now.

[SD Realtor]

How Cayne has survived this long is a mystery to me.

SD Realtor

[Author]

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