24-04-2009, 09:07 PM
As a little mental exercise, I just read the chronology in the previous post and replaced Bernanke & Paulson with the Fed and the Treasury.
What do you think I should replace "US" with in the Reuters wire below?
:bath:
What do you think I should replace "US" with in the Reuters wire below?
:bath:
Quote:U.S. may remove Citi's Pandit: reporthttp://uk.reuters.com/article/companyNew...VY20090424
(Reuters) - U.S. regulators who are concluding "stress tests" on banks may remove Citigroup Inc (C.N) chief executive Vikram Pandit, the New York Post reported, citing sources it did not identify further.
The regulators may have to take such a step to show the government is taking as strong a stand on banks as it did with General Motors Corp (GM.N) when it removed Rick Wagoner, the paper said.
Citigroup finance director Ned Kelly told the paper in an interview: "Replacing (Pandit) would be dramatically destabilizing both for Citi and the system."
"Our recent quarterly results reveal the underlying strength of the franchise and Vikram Pandit's strategy at work to restore Citi to profitability," a Citigroup spokeswoman told the paper.
A Citigroup spokesman in Hong Kong declined to comment on the report.
U.S. Treasury Secretary Timothy Geithner's visit to Citigroup's offices a week and a half ago was simply to conduct a check-up on the bank, the paper said, citing people familiar with the meeting.
(Reporting by Ajay Kamalakaran in Bangalore; Editing by Dan Lalor)
"It means this War was never political at all, the politics was all theatre, all just to keep the people distracted...."
"Proverbs for Paranoids 4: You hide, They seek."
"They are in Love. Fuck the War."
Gravity's Rainbow, Thomas Pynchon
"Ccollanan Pachacamac ricuy auccacunac yahuarniy hichascancuta."
The last words of the last Inka, Tupac Amaru, led to the gallows by men of god & dogs of war
"Proverbs for Paranoids 4: You hide, They seek."
"They are in Love. Fuck the War."
Gravity's Rainbow, Thomas Pynchon
"Ccollanan Pachacamac ricuy auccacunac yahuarniy hichascancuta."
The last words of the last Inka, Tupac Amaru, led to the gallows by men of god & dogs of war