SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Banks--- Betting on the recovery -- Ignore unavailable to you. Want to Upgrade?


To: David C. Burns who wrote (701)3/15/2010 5:02:07 PM
From: tejek  Respond to of 1428
 
This is the sort of baloney the worst bank management in the world feeds us to explain their woeful management. CITI has always pushed the envelope and it's just a matter of time before they crash again. You can change the names, but it's very hard to change a culture.

Pandit blames Citi’s woes on short selling


He's not making it up. Short selling did hurt many stocks including C. Now the banks were to blame for the Great Recession but then the short sellers took over and made sure the markets and stocks fell much further than they needed to.