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John Reed on the Citigroup fiasco: 'Sorry' is the easiest word

 Nov 06, 2009 03:40 PM UTC
Return Risk
-7.53% MID
Tracked Blogger
Symbol Sentiment Start Return Closed
C n/a

Graphic_arrow1 Via BloggingStocks:  

Filed under: Management, Citigroup Inc. (C)

John Reed, the financier who helped engineer the creation of Citigroup (NYSE: C) has a message for investors and taxpayers who are none-to-pleased with his track record of value destruction: My bad!


In an interview with Bloomberg, Reed said "I'm sorry. These are people I love and care about. You could imagine emotionally it's not easy to see what's happened."


He also advocated splitting Citigroup and similar banks into smaller parts to lessen their ability to torpedo the broader economy.

Continue reading John Reed on the Citigroup fiasco: 'Sorry' is the easiest word

John Reed on the Citigroup fiasco: 'Sorry' is the easiest word originally appeared on BloggingStocks on Fri, 06 Nov 2009 10:40:00 EST. Please see our terms for use of feeds.

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