Wednesday, December 2, 2009

Is this irony?

Here is the headline of an article in the NYT business section, "Significant Risks to U.S. Bank Stocks Exist: Citigroup." Let's see, Citigroup is a U.S. Bank, Citigroup's stock has been risky for quite a while now ($4.06 at the time of this post), Citigroup had to be bailed out to the tune of 45 billion U.S. taxpayer dollars which it has not paid back yet. I know that it is their analysts job to make these pronouncements but I just find it a tad ironic that a bank which has had issues with its stock price for a prolonged period of time is commenting on other banks stock prices.

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