Craphole Citi Asks To Be Kind Of Nationalized.

data

When Vikram smiles, dolphins die.

Citi Bank used to be ballin’.  If it were a rapper, it would have had an enormous amount of bling all up in its grill.  Now?

It’s more like MC Hammer.

Citi fell from grace as the economy tumbled.  It was so heavily mired in what we like to call ‘toxic debt’ and ‘bad assets’ that the stock took a beating.  Citi, once at over $50 a share in 2007, is now just over $2 dollars today.

So, in hopes of livening up their business, Vikram Pandit, CEO of Citi, is asking the government to buy more of the bank.  But not all.  Just more.  So then the bank will be more controlled by the government but also kind of not, so Vikram and his boys can still drive it into the ground.

When our boy Vikram’s done messing the bank up some more, I say they pick MC Hammer as their next CEO.  It can’t be any worse.

  • If it were a rapper, it would have had an enormous amount of bling all up in its grill.

  • If it were a rapper, it would have had an enormous amount of bling all up in its grill.