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Bank ''went wrong'' in real estate: Citigroup CEO

reuters.com — NEW YORK (Reuters) - Citigroup Inc Chief Executive Vikram Pandit on Tuesday blamed prior management for diving too deeply into real estate, causing losses that led to this week's massive government bailout of the second-largest U.S. bank by...

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  • voicewithin, on 11/26/2008, -0/+0Citigroup Inc Chief Executive Vikram Pandit said, I can completely understand how people on Main Street, people who are not close to this industry, would be furious at what's happened," he said.

    Does anyone really believe this? I Don't!

    In his rich palace of wealth he is isolated from the pain Americans are experiencing. What does he feel for the 53,000 employees he layed off? NOTHING!

    His stock dives. People sell off. Paulson throws some cash in the fire. His investors buddies rush in and make millions on the backs of Americans. THE POOR ARE GETTING POORER FAST and the rich are getting richer real fast!

    http://www.ibelievethis.us

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