Thread Options 
|
#1197290 - 06/08/09 03:39 PM
Citi to face FDIC lead shakeup?
|
10K Club
Joined: Jun 2004
Posts: 19,858
Pulling people out of the ditc...
|
yes folks, we're from the government and we're here to help. You have nothing to fear... http://money.cnn.com/2009/06/05/news/companies/fdic_citigroup/index.htm?postversion=2009060506 The Federal Deposit Insurance Corp. wants to move around top management at Citigroup, putting Chief Executive Vikram Pandit in a precarious position, according to a report published Friday.
Under the leadership of Chairman Sheila Bair, the FDIC encouraged another government regulatory committee to downgrade Citigroup's confidential rating within the government, allowing the FDIC more control over the firm, according to the report in Friday's edition of The Wall Street Journal.
The FDIC declined comment to CNN.
yikes!
_________________________
Providing alternative truths since the invention of time
|
|
Return to Top
|
|
|
|
|
#1197358 - 06/08/09 05:09 PM
Re: Citi to face FDIC lead shakeup?
HappyGilmore
|
Power Poster
Joined: Jan 2004
Posts: 2,795
Guess
|
Oh, brave brazen new world...
_________________________
Sorry, did I just use my outside voice?
|
|
Return to Top
|
|
|
|
|
#1197482 - 06/08/09 07:12 PM
Re: Citi to face FDIC lead shakeup?
YosemiteSamIAm
|
10K Club
Joined: Aug 2002
Posts: 34,318
under the Lone Star
|
the FDIC has not been happy since that whole Wachovia fiasco....
it's just payback time....
who says regulators don't retaliate.....?
_________________________
Societies that do not find work in and of itself "pleasing to God and requisite to Man," tend to be highly corrupt.
|
|
Return to Top
|
|
|
|
|
#1198390 - 06/09/09 10:11 PM
Re: Citi to face FDIC lead shakeup?
Pale Rider
|
Power Poster
Joined: May 2005
Posts: 8,487
|
Here's an article on the topic from one of my favorite blogs. The Inmates Run the Asylum from "The Bank Lawyers Blog."
|
|
Return to Top
|
|
|
|
|
#1198457 - 06/10/09 11:35 AM
Re: Citi to face FDIC lead shakeup?
buggs
|
10K Club
Joined: Dec 2002
Posts: 40,766
Turnpike Exit 10
|
"Sheila C. Bair, appointed by President George W. Bush, has been butting heads with Citigroup executives as well as with her counterparts at almost every other federal bank regulatory agency."
Oh, wait, this really is Obama's fault, right?
_________________________
Get your facts first, then you can distort them as you please. - Mark Twain
|
|
Return to Top
|
|
|
|
|
#1198465 - 06/10/09 12:23 PM
Re: Citi to face FDIC lead shakeup?
Retired DQ
|
Power Poster
Joined: Jul 2008
Posts: 4,796
You are here
|
As an Ex C employee.
C problems can not be solved by someone with the only qualifications were running a failed Hedge Fund and a Ghairman who ran Time Warner into the ground. Let the goverment pick management and it will work just as good as GM. They needed to be broken up long ago. Sandy W. was also part of the problem. Give it back to John Reed or someone with real Banking exp.
_________________________
Opinions can be considered as coming from anywhere but my employer.
CAMS
|
|
Return to Top
|
|
|
|
|
#1198473 - 06/10/09 12:34 PM
Re: Citi to face FDIC lead shakeup?
Snow Bunny
|
10K Club
Joined: Dec 2002
Posts: 40,766
Turnpike Exit 10
|
But of Course - whose else would it be  .......you do the crime (get elected) you pay the time LOL, brat! 
_________________________
Get your facts first, then you can distort them as you please. - Mark Twain
|
|
Return to Top
|
|
|
|
|
#1198484 - 06/10/09 12:45 PM
Re: Citi to face FDIC lead shakeup?
Retired DQ
|
10K Club
Joined: Jun 2004
Posts: 19,858
Pulling people out of the ditc...
|
"Sheila C. Bair, appointed by President George W. Bush, has been butting heads with Citigroup executives as well as with her counterparts at almost every other federal bank regulatory agency."
Oh, wait, this really is Obama's fault, right? we've already determined nothing is his fault, just move along, there's nothing to see here...
_________________________
Providing alternative truths since the invention of time
|
|
Return to Top
|
|
|
|
|
#1198494 - 06/10/09 12:56 PM
Re: Citi to face FDIC lead shakeup?
Retired DQ
|
10K Club
Joined: Aug 2002
Posts: 34,318
under the Lone Star
|
in 140 countries, serving banking needs of people, businesses and governments all over!
_________________________
Societies that do not find work in and of itself "pleasing to God and requisite to Man," tend to be highly corrupt.
|
|
Return to Top
|
|
|
|
|
#1198513 - 06/10/09 01:14 PM
Re: Citi to face FDIC lead shakeup?
edAudit
|
10K Club
Joined: Aug 2002
Posts: 34,318
under the Lone Star
|
Ed:
it's anecdotal from years ago....
with 300,000 employees there are screw ups
you can't paint all employees or all management with such a broad brush.....
that would be like saying all mods are biased, subjective partisan hacks.........
when if fact there is only one or two at most....
_________________________
Societies that do not find work in and of itself "pleasing to God and requisite to Man," tend to be highly corrupt.
|
|
Return to Top
|
|
|
|
|
#1198523 - 06/10/09 01:21 PM
Re: Citi to face FDIC lead shakeup?
Pale Rider
|
Power Poster
Joined: Jul 2008
Posts: 4,796
You are here
|
Been there.
19 years at EAB/C
Many GREAT people at C.
Problems are at the top.
_________________________
Opinions can be considered as coming from anywhere but my employer.
CAMS
|
|
Return to Top
|
|
|
|
|
|
Previous Thread
Index