CitiBank Profitable? Don't make me laugh.

Damocles

Accedo!
Staff member
Everybody is getting over-excited about CitiGroup being "profitable" in their report.

Let's put it into perspective.

They were only profitable (even after all the government money) BEFORE "one-time items". Which is to say, they weren't profitable at all. (One Time Items are irritating things you have to do like investment writedowns and credit losses.)

Even with all the taxpayer money, this company managed to burn more capital than they spent by a long shot.
 
I was wondering about that. Thanks, nerd.

LMAO! One of the nicest and least controversial people on this forum offers a grammatical correction for you.

And you resort to name calling? Jeez asshat, thats low even for you.
 
LMAO! One of the nicest and least controversial people on this forum offers a grammatical correction for you.

And you resort to name calling? Jeez asshat, thats low even for you.

I didn't sense any acrimony in his reply. You meant that lovingly, didn't you asshat? :p But thanks, Sol.
 
Kind of reminds me of the "surplus" budget under Clinton in which the national debt still increased. Creative bookkeeping by any other name....
 
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