Any crook can earn a return when you can lie cheat and steal.
Which financial company will go bankrupt next?
- Thread starter The Kin
- Start date
Any crook can earn a return when you can lie cheat and steal.
I vote - All the Above.
Citigroup CFO Warns Further Writedowns Possible
Thursday June 19, 12:52 pm ET
Citigroup could take substantial write-downs for subprime mortgages, leveraged buyout loans and other assets in the second quarter, the company's chief financial officer said on a call with investors.
Shares of Citigroup (NYSE: c) dropped more than 3 percent on the New York Stock Exchange. Before his comments, the shares had been up nearly 1 percent.
In at least some of these areas, the write-downs are on track to be smaller than the first quarter, but could still be substantial, CFO Gary Crittenden said.
Costs linked to worsening consumer credit quality could have a meaningful impact on Citi's results for the rest of the year, Crittenden said.
The company is always willing to look at acquisitions, and will make them where it makes sense, but is focusing more on improving its performance, he said.
Crittenden spoke on a Deutsche Bank Securities investor conference call.
Thursday June 19, 12:52 pm ET
Citigroup could take substantial write-downs for subprime mortgages, leveraged buyout loans and other assets in the second quarter, the company's chief financial officer said on a call with investors.
Shares of Citigroup (NYSE: c) dropped more than 3 percent on the New York Stock Exchange. Before his comments, the shares had been up nearly 1 percent.
In at least some of these areas, the write-downs are on track to be smaller than the first quarter, but could still be substantial, CFO Gary Crittenden said.
Costs linked to worsening consumer credit quality could have a meaningful impact on Citi's results for the rest of the year, Crittenden said.
The company is always willing to look at acquisitions, and will make them where it makes sense, but is focusing more on improving its performance, he said.
Crittenden spoke on a Deutsche Bank Securities investor conference call.
WTF are you talking about? They all hire in the same manner and compete with each other over the same Ivy League graduates.
The only reason Goldman seems like they are doing great is because they have the most connections. You think Paulson isn't pushing every favor toward Goldman so that his net worth goes up?
Their balance sheet is just as convoluted with mortgage liabilities hidden all over. The amount they went short on subprime is a fraction of what they are long.
PhDs over MBAs a sign of success? A big LOL.