Saving Citigroup; or, Too rich to fail

Y'see, it's worth $200 billion in loan guarantees and $20 billion in cash because Citigroup is run by financiers rather than auto-industry executives, and financiers, as we all know, are astute managers whose unquestioned competence insures that they won't skulk back to the public trough begging for another handout.

No comments:

Post a Comment

eXTReMe Tracker