TeakDoor.com - The Thailand Forum - View Single Post - A note of caution for those with deposits in US Banks

15-11-2008, 02:13 AM

Citigroup's Revenue Is `Strong and Stable,' Pandit Tells Staff

By David Scheer

Nov. 14 (Bloomberg) -- Citigroup Inc. Chief Executive Officer Vikram Pandit sought to reassure employees today, saying in an internal memo that the bank's revenue is ``strong and stable'' and its capital ``plentiful.''

More spin and bullshit here:

Bloomberg.com: Worldwide

Its funny how a week or so before every bank collapse, their CEO says exactly the same thing. The same was said by Lehmans, Bear, HBOS, B&B, IndyMac, AIG etc., etc., etc....

15-11-2008, 02:13 AM	#907 (permalink)
bkkandrew Guest Posts: n/a	Citigroup's Revenue Is `Strong and Stable,' Pandit Tells Staff By David Scheer Nov. 14 (Bloomberg) -- Citigroup Inc. Chief Executive Officer Vikram Pandit sought to reassure employees today, saying in an internal memo that the bank's revenue is ``strong and stable'' and its capital ``plentiful.'' More spin and bullshit here: Bloomberg.com: Worldwide Its funny how a week or so before every bank collapse, their CEO says exactly the same thing. The same was said by Lehmans, Bear, HBOS, B&B, IndyMac, AIG etc., etc., etc....