On TV, Liz Clayman said she couldn't get cash from 2 Citibank ATM's over the weekend. She invited viewers to call in with similar stories. If ever there was a time to make sure customers got their cash, to prevent a run on the bank, it was this past weekend. Which means Citi was on the brink. Which also means that they may come back at a later date for more funds.
Why do we bailout Citi when they assist in tax evasion schemes? http://www.bloomberg.com/apps/news?pid=20601103&sid=aE3_IrS95hu0&refer=us
Read the original ad in the first post. I'm paraphrasing here, it says, "One thing remains consistent, Citi's commitment to helping customers". If I want anything consistent, it's balance sheet strength. Doesn't say that. It wants to say that, but it can't.
Gravity is starting to suck Citi into the black hole........... http://www.bloomberg.com/apps/news?pid=20601087&sid=aBWY6gY52_R8&refer=home
More bank closings sneaking out every Friday night so that they'll be forgotten about by Monday morning. http://www.bloomberg.com/apps/news?pid=20601103&sid=aaLkBFzdzwmM&refer=news