Citi Never Sleeps ...snore

As I have said many times all financial crises in recent generations seem to begin and end with Citibank. Weather it’s the late 1970’s with the Latin America banking crisis or the Early 90’s financial melt down all roads as they say lead to Citibank. It seems when Citibank stocks goes below $10 the end of the crisis may be at hand. It was that way in the early 90’s when the same pattern as now brought several major investments from a white night or should I say a Saudi Prince and some additional help from Uncle Sam. No mea culpa was forth coming from Citi as none will be now. The bank was propped up by a combination of government aid and outside investors. Then as now no great proclamations were made, no show trials were had and no politicians patted then selves on the back. The fix was in and the financial system began to resurrect its self. Let’s hope that once again the recent bailout of Citi signals the same.