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A Morgan Stanley type bear raid by short sellers on Citigroup shares with 50% of share value lost in a few days. Pandit of Citi desperately asks for reinstatement of the uptick rule to prevent short seller raids.
Grouped Articles
Citigroup Hits 'Penny Stock' Realm
Wall Street Journal 03/06/2009
U.S. Settles Mortgage Inquiry for $7 Billion
New York Times 07/14/2014
Old Lane Managers Look for Exit From Citi
Wall Street Journal 12/24/2008
Citi Directors Mull Replacing Chairman
Wall Street Journal 11/13/2008
Worst May Be Yet to Come for Citigroup
New York Times 11/14/2008
New York Times 11/16/2008
The government bailout of Citigroup as it posts huge losses and its stock price sinks.
Grouped Articles
Citigroup Hits 'Penny Stock' Realm
Wall Street Journal 03/06/2009
Wall Street Journal 07/15/2014
How Citi's Fortunes are Tied to Housing's
BusinessWeek 11/26/2008
H-P, Citi Debt Offerings Bring in Billions
Wall Street Journal 12/03/2008
Citigroup Takes First Step Toward Breakup
Wall Street Journal 01/10/2009
Citigroup Ready to Shrink Itself by a Third
Wall Street Journal 01/14/2009
Finance industry lobbying, with $300 million alone spent to repeal the Glass Steagall Act which kept banks from getting involved in the securties business, is having the effect of making changes without the due diligence and care necessary for changing legislation that had deep reason embedded in experience during the Great Depression. Citigroup's failure is a result of its involvement in the securities business, and it was a principal backer for the repeal. Similar situation is playing out in the U.S. health-care area which has overtaken the finance industry in money spent for lobbying. Lobbying of this magnitude is having distortional effects on national priorities on necessary regulation, and on creating sustainable economical systems for health care in health care laws.
Grouped Articles
Banks' Lobbyists Help in Drafting Financial Bills
New York Times 05/23/2013
New York Times 04/10/2009
Finance Lobby Cut Spending as Feds Targeted Wall Street
Wall Street Journal 07/02/2009
New York Times 07/20/2009
New York Times 07/20/2009
Doctors' Payments Snag Health Bill
Wall Street Journal 07/20/2009
Grouped Articles
Citi CEO: Bank's Major Restructuring Is Over
Wall Street Journal 04/24/2013
Quiet Boss at Citigroup Setting Tone for Wall Street
New York Times 12/01/2013
Citigroup Fails Federal Reserve's Stress Test for 2nd Time in 3 Years
New York Times 03/26/2014
Failing Stress Test is Another Stumble for Citigroup
New York Times 03/27/2014
Citigroup CEO Vows to Fix Regulatory Problems as Bank Logs Higher Profit, Beats Estimates
Wall Street Journal 04/15/2014
Citi FIres 11 More in Mexico Over Fraud
New York Times 05/14/2014
Grouped Articles
New York Times 05/16/2010
A Conflict in Geithner's New Job- Not Exactly
New York Times 11/18/2013
Obama, Geithner Get Low Grades From Economists
Wall Street Journal 03/11/2009
New York Times 04/01/2009
Geithner's Plan: Loopholes Galore
BusinessWeek 04/01/2009
Book Review: 'Stress Test' by Timothy F. Geithner
Wall Street Journal 05/12/2014
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