[lbo-talk] Alas, poor Citibank!

Jordan Hayes jmhayes at j-o-r-d-a-n.com
Tue Nov 6 22:30:00 PST 2007



> there is reason to believe This Time Will Be Different.

Yes, an $11B loss sounds huge ... until you see that Citi's gross profits over the last few years have all been north of $100B -- per year! Net profits in the $25B (per year!) range, with net income since 9/11 of nearly $140B.

This Time It Will Be Different because This Time It's Chump Change.

/jordan



More information about the lbo-talk mailing list