Vikram Pandit to TARP Panel: Won't Need More Aid, CRE Not An Issue (Taxpayer Still Owns 27% $C Common Stock)
3/07/2010 04:28:00 PM
Since the American Taxpayer now owns 27% of Citigroup common stock according to CEO Vikram Pandit, if you haven't seen it yet Vikram testified before the TARP Oversight Committee. He said commercial real estate was not an issue for Citigroup and there will be no need for additional aid. If you short Citi you are short yourself folks. How is the yield curve looking, nice and steep? Video below is courtesy of Cspan.org.