05 November 2007

Citigroup CEO Resigns; Interim Named: Financial News - Yahoo! Finance

So, the meltdown has claimed Citigroup CEO Charles Prince, and Robert Rubin will be replacing him temporarily.

How reassuring. Rubin asked for intervention in the Enron affair so that his clients could screw less savvy investors for some breathing time, and now he his heading Citigroup, which has now written down something like $11 billion in losses, so far.

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