Citibank, a General Counsel and CDO Trading

While I can still defend greed as it forms a basis of capitalist society, Citibank and AIG (Financial Products’) Teams have really shown how deals must not be done in the Financial world. While seemingly simple statements from Tom Mahera ( AM) who himself left ‘Invetsment Bankign’ for just a more intensive ‘Bond Trading’ in his career never bothered to assess his portfolio, the entire market has been surviving these last two years on quick assessments on spreadsheets by the same dozen analysts used in each bailout from the first one s with FDIC and Sheila Bair at Lehman ( which just dropped off the chart while others got the dole) , AIG, Morgan Stanley, AIG, GE, GMAC which borrowed again in 2009 and the FDIC candidates thru Wachovia, WaMu and Citi itself.

Chuck may be all apologetic and Vikram Pandit may be surviving on $1, but it does not change the fact that the entire top team at citi than and even now has made it a habit of living life under a cloud, trying brinksmanship and cat and mouse games to cover financial knowledge.While AIG seemingly victimised by GS esp from the NY Times team of CDO and Insurance analysts (lol!) never seemed to have any idea of what it had in the bank, it seems Citi’s bond Traders and Hedge Fund Principals never bothered why CDO markets were falling apart . CDOs hapen to be sure fire indicators and much nearer the calamity date, so picking them up at the wrong time in end 2006 is like picking up your meat sandwich when it is already assured of a free knuckle sandwich side dish…


About zyakaira

Investment Banker, 40s, Bangalore This Biopic and this web recreates how one point of view, one person can impact a tremendous economic engine that the world thrives and mis-thrives on. This one has the knowledge and the civil sense , the art of conversation and some good writing to mentor others as powerful and help global managers develop and fine tune their approach on US markets, China, India and the world. Read on here, and let me know what you need. It can be a race for TRPs, a race for new markets and a race to do what is right. I have the pulse of the crisis, the recovery and the market direction and can help you build and refine your strategy as i have helped thousands of managers and multiple global corporations. Of course, it’s more fun if you talk to me. I am in favor of leading this moving of the economic crisis and will partner with you in a soft and subtle way, just the way we both ride to the top. But you can write with us, opine and just reply with aplomb and shine on Twitter , 4 square , Facebook and any other social “choupal” of choice via zyaadakairaada Profile & Portfolio - SocialPicks Different flavours at:

Posted on April 9, 2010, in Bank Stocks, Financial Markets. Bookmark the permalink. Leave a comment.

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