Comments on: Must Be Nice Being Citigroup http://www.topfinanceblog.com/must-be-nice-being-citigroup/ Financial News, Information, and Commentary Wed, 08 Feb 2012 02:42:40 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Mitch http://www.topfinanceblog.com/must-be-nice-being-citigroup/comment-page-1/#comment-1317 Mitch Thu, 17 Dec 2009 15:24:18 +0000 http://www.topfinanceblog.com/?p=614#comment-1317 It's a tough place for me to be, having to try to be right all the time. lol Just can't believe things are so tough with the government that Citi would take this kind of risk. It’s a tough place for me to be, having to try to be right all the time. lol Just can’t believe things are so tough with the government that Citi would take this kind of risk.

]]> By: Tim Manni http://www.topfinanceblog.com/must-be-nice-being-citigroup/comment-page-1/#comment-1315 Tim Manni Thu, 17 Dec 2009 14:53:17 +0000 http://www.topfinanceblog.com/?p=614#comment-1315 Haha, just when we thought we had this one figured out, I read this article this morning: http://www.nytimes.com/2009/12/17/business/global/17citi.html?_r=1&hpw "Just when Vikram S. Pandit thought he was out, Washington is pulling him back in." "While Citigroup managed to raise $20.5 billion in the stock market and will forge ahead with the repayment, the sale went so poorly that anxious Treasury officials reversed course and delayed their plans to start unwinding the government’s stake in the company immediately, according to people briefed on the matter." Seems as though you were right, Citi's just not ready. Thanks, Tim Haha, just when we thought we had this one figured out, I read this article this morning:

http://www.nytimes.com/2009/12/17/business/global/17citi.html?_r=1&hpw

“Just when Vikram S. Pandit thought he was out, Washington is pulling him back in.”

“While Citigroup managed to raise $20.5 billion in the stock market and will forge ahead with the repayment, the sale went so poorly that anxious Treasury officials reversed course and delayed their plans to start unwinding the government’s stake in the company immediately, according to people briefed on the matter.”

Seems as though you were right, Citi’s just not ready.

Thanks,
Tim

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