I suggested that Sheila Bair might seize Citigroup precisely because it is the sort of irrational, arrogant and dumb thing she does. She did after all force the issue at Wachovia – signing a government guarantee (to Citigroup) even though a fully private sector solution was available.
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Sheila Bair and seizing Citigroup
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I suggested that Sheila Bair might seize Citigroup precisely because it is the sort of irrational, arrogant and dumb thing she does. She did after all force the issue at Wachovia – signing a government guarantee (to Citigroup) even though a fully private sector solution was available.