Shitty Bank oops Citibank gets 3rd Bailout; Disgusting

In the third bailout of Shitty Bank oops Citibank, the U.S. Treasury Department plans to convert $25 billion of its preferred securities into common stock provided other private holders agree to the same terms. If the latest round of bailout goes through, the U.S. government’s stake in Shitty Bank will rise to 36% from 8% […]

Vikram Pandit Butchers 73,000, Buying $50m Jet

Vikram Pandit a.k.a. Desi Butcher is a man with absolutely no shame. The man is also a f****** idiot. The incompetent dodo who is clueless in dealing with the mega-crisis facing the beleaguered financial services company Citigroup (of which he is CEO), the desi butcher whose sole mantra to handle the crisis is to hack away […]

Vikram’s Goose Cooked? Citigroup Shares Plunge, Again

Citigroup’s shares fell sharply for the second day in a row. On Thursday, Citigroup shares fell over 26% to $4.71, marking the second day the bank’s shares have dropped so sharply. In intra-day trading, Citigroup’s shares fell as low as $4.39. The stock fell 23% the previous day. Here are the two big questions now: […]

Desi Butcher Vikram Pandit Massacres 50,000

Not since Emperor Ashoka invaded Kalinga in 261 BC and left a battlefield overflowing with blood has any other desi inflicted so much destruction and misery as the desi butcher a.k.a Citigroup CEO Vikram Pandit. Call it the Monday morning bloody massacre. Citigroup CEO Vikram Pandit, who’s in over his head at the financial supermarket, […]

Desi Butcher Vikram Pandit’s Hedge Fund Screwed

What a shame. Desi butcher and Citigroup CEO Vikram Pandit, who’s been butchering Citi jobs even while feeding like a greedy pig at the trough, has to suffer the ignominy of seeing his hedge fund Old Lane shut down following a mediocre performance. Vikram Pandit Here’s what the Wall Street Journal (subscription required) reports on […]

Desi Butcher Vikram Pandit gets $26m

Citigroup CEO Vikram Pandit, who just butchered 4,200 jobs the other day for so-called expense management reasons, got about $26.7 million in stock (1.094 million shares) on January 22, 2008, according to the bank’s regulatory filings with the Securities and Exchange Commission. Vikram Pandit also received options on three million Citigroup shares, with strike prices ranging from […]