Tuesday, February 24, 2009

Is the deal almost done?

The Financial Times says it almost is. If this thing gets inked it will lead to all kinds of interesting speculation. What will the Saudi prince do when he is no longer the biggest shareholder? How will uncle Vik react to taking orders from a Senate page? Will the sluggish behemoth that is Citi become the new spry frontier of hope and change? Will the government appoint a Citi Czar? Perhaps an Emir? Will the board take on the look and feel of a government sub-committee? This could get good. Stay tuned.

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