Eugene David
...The One-Minute Pundit

Friday, February 27, 2009


It's official: Citi's virtually nationalized.

Gee thanks for all that brilliant banking!


The bank's chairman, Richard Parsons, said Friday the troubled financial services giant plans to reconstitute its board through a majority of new independent directors "as soon as feasible."

TRANSLATION: We're rearranging the rubble.

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