Wednesday, December 16, 2009

the most evil profession


"The trouble with the share sale underscored the lingering worries over Citigroup’s financial health and raised concern that the bank’s eagerness to free itself from government oversight on issues such as employee pay might come at a high cost to shareholders. It also may heighten pressure on Citigroup’s chief executive, Vikram S. Pandit.

Citigroup attempted to sell stock only a day after another giant bank, Wells Fargo, held a similar sale to raise money to pay back its bailout money.

The development followed news earlier Wednesday that the Abu Dhabi Investment Authority had filed a multi-billion dollar arbitration claim claiming “fraudulent misrepresentation” on the part of Citigroup after the government-run fund’s $7.5 billion investment in Citigroup went south."

it's just disgusting behavior.
by the way, this is my 500th post.

10 comments:

Tom Chivers said...

Congratulations, I'm looking forward to the next five hundred!

Anonymous said...

I always look forward to business analysis from someone whose chosen profession is not in the field of business.

Even better if they aren't even one of the top people in their own chosen profession.

Elizabeth Vicary said...

1. Why should you have to be a professional in any area to qualify to have an opinion?
2. I am one of the top people in my chosen profession. 

Greg Shahade said...

Anonymous is one of the top anonymous people on the internet.

anjiaoshi said...

I always look forward to business analysis from someone whose chosen profession is not in the field of business.



Can't be much worse than business analysis from people whose chosen profession is in the field of business. Can you say "Jim Cramer"?

ATH2044 said...

I agree, it's just disgusting behavior. Maybe anonymous looked at the Top Players' List & found that though our humble blogger's 2121 rating should place her 18th in the country (OK, it's the women's list, but still...), her obvious lack of business insight got her kicked off the list.
If only we were lucky enough to have it start & end with the likes of Jim Cramer. Don't forget the clan who orchestrated the AIG et al fiasco (Link withheld because I may puke if I have to read it again.) were all "top notch business professionals". Apparently their chosen profession is grand larceny.
Congratulations on the fine showing in Texas.

Rich in Brooklyn said...

Elizabeth's chosen profession is teaching chess to children in a public school isn't it? If so, is there anyone better at doing this?

Anonymous said...

Latest news:
Fannie Mae and Freddie Mac receive unlimited future funds to stay afloat

http://www.google.com/hostednews/canadianpress/article/ALeqM5hFaodscONNiDdK3sXIxAarrcUMHQ

Anonymous said...

Just an example of the Obama administration doing a great job ...

ATH2044 said...

These douchebags are all torqued up because Obama wants to invoke limitations on "executive compensation". The original Bush(Bernanke?) plan had them dipping into the treasury when they failed & pocketing the profits when things cleared up (or they cooked the books [again]).
Even Obama won't save us from most of the grotesque abuses of the former administration, especially if he appoints a sampling of the same thieves who created the mess. The latest whine from this crowd is that they "won't be able to attract the best talent" if executive compensation is limited. Boo fuck1ng hoo, with "talent" like that, there's really no need for masked bandits & street thugs.