Puzzling Quote of the Day

From the New York Times:

Mr. Pandit described the exchange as “bridge to profitability” that was intended to appease the markets. On a conference call Friday morning with investors, he said the bank was committed to its remaining businesses and strategy. Mr. Pandit also tried to squelch concern that the government would play a more influential role at the company. “We are going to run Citi for the shareholders,” he added.

If you’re going to run Citi for the shareholders, that means you’re running it for the government.

Posted by on February 27th, 2009 at 12:11 pm

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