The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: The Reaper who wrote (186083)	2/23/2009 10:09:54 PM
From: Madharry	Read Replies (1) of 306849

Im not surprised. I had a conversation with a senior officer at Citibank in the late 90s when I was looking for work as a work-out officer and the guy was pretty obnoxious. After a while I broached the subject of possible employment and he put me off saying that Citi had straightened out all their problems and didnt need any workout-officers. Once they made a relative outsider and non-banker the CEO, it could only mean that the board was clueless too. It sobering that JPM is cutting their dividend sharply as well. What is it with these CEOs? dont they understand that people who buy bank stocks think they are going to get steady and increasing dividend yields?

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