It seems like Meredith Whitney might be trying to relive her glory days of predicting a dividend cut by Citigroup, as now she is saying that no CEO can fix Citigroup. I honestly have no clue what she is talking about. Citicorp is posting 15% returns on tangible equity and Citi Holdings is only 9% of assets now. As usual Whitney’s focus in on a headline as opposed to facts. Just once I’d like to see a detailed report that shows any semblance of ability at financial analysis. Below is my report on Citigroup written the day before Pandit’s resignation.
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