Citibank hit?

Michael Perelman michael at ecst.csuchico.edu
Wed Sep 19 18:02:55 PDT 2001


A friend runs a major brokerage house San Francisco office. He told me that he asked numberage friends in the stock business if they knew anyone who was lost. He said that he and his friends were shocked that nobody knew of anyone.

On Wed, Sep 19, 2001 at 08:44:51PM -0400, H. Curtiss Leung wrote:
> Ian wrote:
> > I would also note, in passing, that Citigroup took a big hit and their
> > Saudi-American bank may have been the tastiest target if one of the
> > goals of the attack was to weaken Saudi Arabia's kakistocracy. The
> > return of US troops to that country could be escalatory despite
> > whatever the US gov. intentions.
>
> Huh? Last I heard, Citigroup--my exploiter, uh, employer, BTW--lost less
> than five employees, although the firm is screaming about $700 million in
> possible losses (through insurance claims from Travellers, I guess).
> Salomon
> Smith Barney had a data center in 7 WTC, and the Citi assets management
> group was there too.
>
> I usually work at 111 Wall, but I've been up at 34th Street with a few
> others
> for the past few days reconfiguring a machine to replace one my group had
> lost
> when 7 WTC went down (irony alert: the machine we lost was a standby backup
> server. The production servers are safe in the middle of nowhere in the
> Meadowlands). There's a TV in the cafeteria playing some godforsaken
> internal Citibank network, and I got to see Sandy Weill's fat fucking face
> spew
> inaudible platitudes while I ate my lunch. And then the imbecile who put
> this
> telecast together had the sensitivity to show the towers collapsing.
>
> Too bad a wing or some other piece of debris didn't clip the floor of 388
> Greenwich where Weill has his office.
> --
> Curtiss, who is not bitter
>
>
>

-- Michael Perelman Economics Department California State University Chico, CA 95929

Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu



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