What a tremendous impasse!
It is the most unexpected event of the year 2008.
Citi a gigantic ,imperial , and a dynamic bank is up for sale.
The stock price has fallen by more than50%.
Another instance of ostentataion succumbing to pressure.
We have to go back to the basics.
Banks, are primarily lending institutions,not supermarkets displaying snobbish products.
Their business is funding, collecting interest, and mobilising deposits.
Highly paid , well educated, high profile executives have driven economy to its depths.
A justified, modest ,graceful evenly poised ,customer friendly, investor reliant attribute is the call of the hour.
