[lbo-talk] Alas, poor Citibank!

Carl Remick carlremick at gmail.com
Tue Nov 6 10:21:17 PST 2007


On 11/3/07, Carl Remick <carlremick at gmail.com> wrote:
> On 9/27/07, Doug Henwood <dhenwood at panix.com> wrote:
> >
> > Yeah, poor Citibank. It used to be such a big bank.
> >
> > Doug
>
> [Well, it will be itty-bitty Citi henceforth. CEOs Walter Wriston,
> Sanford Weill and Charles Prince -- myopic swashbucklers all.]
>
> November 3, 2007
> Citigroup Chief Is Set to Exit Amid Billions in Losses
> By ERIC DASH and LANDON THOMAS Jr.

[There are two excellent articles in Counterpunch on the debt disaster now unfolding on Wall Street. The first whose headline appears below concerns the culture of criminality that has long flourished at Citibank. The second, whose headline follows the first, identifies Citi and Merrill Lynch as the epicenter of perhaps the greatest capital crisis the US has ever seen. Both can be found at: <http://www.counterpunch.org/>]

November 6, 2007 The Toxic Giant and It's Own Black Hole: Wall Street Metes Out Street Justice to Citigroup By PAM MARTENS

November 6, 2007 'The End is Nigh!' Cries Paul Volcker, as Heads Topple at Merrill Lynch and Citigroup: Welcome to Year 27 of the Reagan Revolution By MIKE WHITNEY

Carl



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