Thursday, March 12, 2009

Buyer's Remorse for Citi?

Making a deal with the Federal Government is like diving into the North Atlantic in June. It looks really inviting until you take the plunge. If you don't get out ASAP, the hypothermia will slowly kill you. I think Citi just realized this; better to try to make it on your own then face a certain slow death. The Feds have never run a profitable operation. That won't change.

No comments:

Post a Comment