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The news coming out of Citigroup (C) seems to be from bad to worse. At one point, I thought it would be good to break up the bank into four different companies. Now, I'm not sure even that would help. The company has just recently announced that it will cut 50,000 jobs. Shares of Citi are now in the single digits.

The company is having a townhall meeting with its employees today. Here's a look at the slideshow.

Posted by edelfenbein at November 17, 2008 11:03 AM