Shoot, Citi finds $500 million in the cushions of the sofa. When I was there, they had $4.5 billion reserved for exposure to Worldcom and Enron. I got into a bit of hot water when they forced us to watch a video from Citi. In his introduction to the video, the branch manager, a Nut Job Republican all the way, mentioned that the bank was created by Republicans. Then, he looked at me and smiled:
"What do you think of that statement, Michael?"
Knowing I should bite my tongue, I simply said, "that certainly explains the four and a half bil reserved for criminal behavior."
Then, it turned out that the video was designed to remind everyone of how honest the company is and why the current bad press, as they referred to it (the $4.5 billion, being kicked out of Japan for being crooked, and being censored by The European Economic Union). was just a temporary example of media gone wild. <G> |
