That might work out for you Duke if Citi isn't forced into a shot gun marriage by the FDIC first. These banks are very sick.
I know, and I realize that it is a huge risk. I figure that at some point, these banks will come back around. Wacovia would've been a good buy when it got down to $7
Citicorp in the news - again!
It's just getting that out of the way earlier than other banks, Torie.
"Citigroup is the first Wall Street firm to settle federal claims amid a probe into how banks sold auction-rate securities before the $330 billion market collapsed in February. The accord may set a precedent for negotiations with firms including UBS AG, which has been named in civil complaints by Cuomo and authorities in Massachusetts."