Citigroup Inc (C)

[Full Contact Yoga]

Would have been horrible for shareholders that bought at or under $1 pre RS, even worse for those that bought after the RS. 150% plus gains since then. But, what she said was true of every bank but Chase and US Bank. No accident everyone seems shocked that Wells is so shifty, even though everyone that has worked in banking knows they were padding the books since the early 90’s, always made fake accounts as their playbook. Then, copied by Charter, Wamu, and most others, both defunct as well. Wells failure was not selling before people caught on, which, Charter fortunately did, to the dismay of Royal Bank of Scotland, WAMU did not, hence the failure. Fannie, Freddie, riskier now more than ever, trillions in loans of questionable quality guaranteed by reserves that don’t cover a days worth of interest. Nothing new. Things don’t change.