Citi bank's share price is falling off the cliff as well. Citi was the biggest recipient of tax payer bail out monies in 2008. $2.9 trillion over the last two decades and for those that are unaware their long term (8 years in the role) CEO, Michael Corbat, jumped ship two weeks ago. The "fall guy" ironically is a woman, the only woman to head one of the big six US banks. Talk about getting passed the poisoned chalice. I highlighted this as a red flag for markets when it happened and also the fact that Citi has used loopholes in Dodd Frank to off shore about 70% of its IR swap derivatives. The market won't know what has hit it until its too late.Esh
