Friday, February 27, 2009

I take no pleasure in this...

When I was at Citigroup (I left in 2003), we lamented the fact we could not get our stock price over $50 no matter what we did. In those days, the place was absolutely printing money, and Sandy Weill looked like the smartest man in the history of money.

Six years later, we get this (click the image if your eyes are as bad as mine)...

The Citi Never Sleeps, says the slogan. I bet they're losing some sleep these days.

How is this even possible? I am an optimist, but something like this shakes you to the core.

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