Maybe it's time for Citi to stop pulling all nighters.

Dazed and fatigued is no way to run a global banking empire.

It's time they began acting like grown-ups.

Does anybody really think a "full page" advertising campaign is going to enhance investor/customer confidence?

Why are banks shut down over the weekends?
Will 'citi' last another week or is tomorrow THE day?

Everyone always talks about "too big to fail" yet Citi fits the mold of too big to run.

"Subject: (BN) Somali pirates to purchase Citigroup

"The pirates would buy Citigroup with new debt and their existing cash
stockpiles, earned most recently from hijacking numerous ships,
including most recently a $200 million Saudi Arabian oil tanker. The
Somali pirates are offering up to $0.10 per share for Citigroup, pirate
spokesman Sugule Ali said earlier today. The negotiations have entered
the final stage, Ali said. ``You may not like our price, but we are not
in the business of paying for things. Be happy we are in the mood to
offer the shareholders anything," said Ali.

"The pirates will finance part of the purchase by selling new Pirate
Ransom Backed Securities. The PRBS's are backed by the cash flows from
future ransom payments from hijackings in the Gulf of Aden. Moody's and
S&P have already issued their top investment grade ratings for the
PRBS's."

Oooh does this mean my debt is forgiven? :P

Earlier this week I passed a CITI building of some kind on Interstate 85 near the SC/NC border. The building had a HUGE sign on it that said, "CITI is hiring!!"

This might be news to the 20,000 people that were recently laid off.

"Citi never sleeps".

This slogan might need to be changed slightly. I suggest "Citi sleeps with the fishes."

Pirate humour rules Wall Street, Andrew Willis, November 21, 2008.

November 20 (Bloomberg) -- The Somali pirates, renegade Somalis known for hijacking ships for ransom in the Gulf of Aden, are negotiating a purchase of Citigroup.

The pirates would buy Citigroup with new debt and their existing cash stockpiles, earned most recently from hijacking numerous ships, including most recently a $200 million Saudi Arabian oil tanker. The Somali pirates are offering up to $0.10 per share for Citigroup, pirate spokesman Sugule Ali said earlier today. The negotiations have entered the final stage, Ali said.

"You may not like our price, but we are not in the business of paying for things. Be happy we are in the mood to offer the shareholders anything," said Ali.

The pirates will finance part of the purchase by selling new Pirate Ransom Backed Securities. The PRBS's are backed by the cash flows from future ransom payments from hijackings ....

*CITI IN TALKS WITH SOMALI PIRATES FOR POSSIBLE CAPITAL INFUSION

*WILL REQUIRE ALL CITI EMPLOYEES TO WEAR PATCH OVER ONE EYE

*SOMALIAN PIRATES APPLY TO BECOME BANK TO ACCESS TARP

*PAULSON: TARP PIRATE EQUITY IS AN `INVESTMENT,' WILL PAY OFF

*KASHKARI SAYS `SOMALI PIRATES ARE 'FUNDAMENTALLY SOUND' '

*Moody's upgrade Somali Pirates to AAA

Citi is too "big to fail" so the government bailed them out. I think things will be fairly stable for the next couple of weeks - dow up or down 1,000 points or so. Half dozen bank failures. Nothing big. Next three perhaps these:
Alliance Bank: Culver City, CA
Ocala National Bank: Ocala, FL
Centennial Bank: Ogden, UT
All small banks.