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    • Tue Jun 24th 12:28 PM
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      Commented on:
      JP Morgan Offer for Wachovia Makes Sense
      Are you serious? Wake up...no way JPM can swallow WB right now....NOT HAPPENING.

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    • Mon Jun 23rd 23:56 PM
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      Commented on:
      Still No Vision at Citigroup
      Seriously though; stop playa hatin'

      like it's his fault that the monoliners got downgraded and now he needs to take another 2billion dollar MTM loss because of it. What do you want him to do; he did not purchase a single CDS trade fromthose guys...he's justing get kicked in the teeth as a product of it.

      Give the guy a break and get rid of that PhD(playa hatin degree).

      AWM
      Alexander.w.murray@gma...
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    • Mon Jun 23rd 21:53 PM
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      Commented on:
      Still No Vision at Citigroup
      Felix,

      I have read a lot of your articles and have a lot of respect for journalism. I think you are extremely well researched and bring very concise and fundamentally accurate points of view.

      That being said, I think you are being a little bit presumptuous in this particle piece. You often seem to have extremely negative views on Citigroup to the point of being biased at times. Why is it that you feel Mr. Pandit owes you some sort of grandiose unveiling of ultra strategic plan for reconstruction of the empire volume 6?

      I think what we do know is:
      1) He walked into a toilet of inefficiency.
      2) He is taking his time evaluating Cit’s various business lines, and restructuring as he sees fit.
      3) Anyone can clearly see his doing a lot more than simply laying off a few bodies to “tactically” keep his expenses in proportion to his revenues. He has restructured the Nikkei unit, sold their leasing unit, unloaded a large number of assets, is on his way to unloading the German banking branch, and closed old lane while at the same time raising capital and purchasing a Brazilian brokerage.
      4) He is shuffling the deck, moving into markets he likes and out of markets he dosent, building capital strength to make moves as he sees fits and trying to trim off those parts of the business which don’t fit.

      I think the worst thing he could do is lay out his A, B, C road map plan to bankruptcy. Please don’t forget “the mind that has conceived of a plan of living must never forget the chaos against which that plan was conceived.” Like war, most plans fall apart the minute you implement them and I think his plan is to make Citi agile enough to adjust to changes (chaos) in the global market place that will present opportunities in the future. As much as you may want a vision of what those opportunities are, no one will realize what they are until they are here.

      For what its worth (which is not much) I really like what Mr. Pandit is doing and I think I can see what his vision is. Its one that doesn’t make rah rah announcements of stupid plans just so people can feel “secure” and have something to further criticize him on. It something which is more intelligent and flexible than any straight line from X to Y.

      The bard may have put it best and I can understand why Mr. Pandit may can resent the idea of having to “Must, Like a whore, unpack his heart with mere words and fall a cursing like a very drab”

      This is most brave,
      That I, the son of a dear father murder'd,
      Prompted to my revenge by heaven and hell,
      Must, like a whore, unpack my heart with words,
      And fall a-cursing, like a very drab,
      Best’
      Alex Murray
      Alexander.w.murray@gma...
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