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| FDIC pushing for shake-up at Citigroup |
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| The Lance Haynie Blog | |||||||||
| Written by Lance R. Haynie | |||||||||
| Friday, 05 June 2009 08:25 | |||||||||
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Once again the Fed want's to overstep their legal limits: NEW YORK (AP) - The Federal Deposit Insurance Corp. is pressing for a management shake-up at embattled bank Citigroup Inc., putting CEO Vikram Pandit in the hot seat, a report said Friday. The report from The Wall Street Journal cited people familiar with the matter.
Yes, because replacing the head of a company in trouble is the best solution, especially with no plan to move forward. Just look at what happened to GM once you did that. Now they are in bankruptcy court, the Union has really taken over, and they are going to make cars no one wants. That is just with the auto industry though, you do that to the financial industry it can be disastrous. Citigroup is one of the healthiest banks right now. Vikram Pandit has done the best with the tools he was given and given the current situation. I say if you are going to blame anyone blame Charles Prince. Hey guess what, we did, he is no longer the head of Citigroup. Add this page to your favorite Social Bookmarking websites           
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