"Pandit and his executives are completely naive if they think the share price is not important," Whitney fumed.
"Pandit is wrong, Citi will not be able to stay in its current form," she said, adding that the banking giant must break itself up and sell off the pieces to raise capital and reduce its size.
"Citigroup is in such a mess Stephen Hawking couldn't turn this company around," the money maven added. "It has lost the most money of all the banks, and has the greatest leverage."
"Citi is wrong if they say they are adequately capitalized. No bank is adequately capitalized today and Citi is no exception," she said.
Stephen Hawking is a physicist. Why should he be expected to help Citi out?
"Citi is wrong if they say they are adequately capitalized. No bank is adequately capitalized today and Citi is no exception," she said."
Is that supposed to be serious analysis or hyperbole? No bank? None?
"Pandit is wrong, Citi will not be able to stay in its current form," she said, adding that the banking giant must break itself up and sell off the pieces to raise capital and reduce its size."
Fine. Let them figure it out. But I don't want the government bailing out a company that can survive without our largess, which is where I fear this is going.
I still believe that we're living in a period where people are panicking, and not looking clearly at the situation. Even if I'm wrong, can we stop and take a breath before bailing out another company?
Oh, and I'd marry her too.
and the fact she hates BANKs gets me soooo excited
the fact that only ONE bank analyst had the nuts to call out the SCAM just goes to show you Wall St. WHORE HOUSE has still not changed
Hind sight shows that Wall Street bought into it's own scam, but Meredith had the courage to call out the truth.
She is a hero of the highest order and Rubin, Paulson and the rest of the creeps should get the firing line.
We need more humans like her.
"Layfield married Meredith Whitney on February 12, 2005 in Key West, Florida.[112] On November 1, 2007, Meredith received several threatening e-mails after making a controversial announcement to the investment community to sell their shares of Citigroup stock. This financial advice from such a well known analyst caused many investors to indeed sell their stock in the company, costing Citigroup an estimated $15 billion, according to The Wall Street Journal. Layfield stood by his wife's decision, calling the people who threatened her "cowardly pieces of shit" and canceled a planned trip to Texas to visit family so that he could, instead, accompany his wife in a protective role until heat from the incident died down."
Maybe you could put a spam prevention field in your comments (one of those "enter the word in the box below" thingies) to prevent the obviously commercial garbage above.