[jiggyboy]

My "very interesting next two or three quarters" for Citibank is playing out. Those tens of billions of bad SIVs they forced themselves to 'fess up to are proving pretty hard to deal with.

Oh BTW they've also limit ATM withdrawals in NYC due to *cough* "isolated fraudulent activity".

There's still plenty of time to enter new short positions in Citibank IMO. Thirty to ten or less in a couple of months would be a fine payday. Wait until the next Fed "surprise" though.

[nkycincinnatikid]

Wanna bet the billion or so in bonus checks they wrote themselves this year are gonna clear first though.

[RightWhale]

Somebody on a financial report Friday morning said most job losses, layoffs they say, are in the financial sector.

[mysterio]

They canned 10 percent, but I’ll bet they didn’t cut back on the bonuses they wrote themselves.

[SlapHappyPappy]

WaMu has had at least 2 rounds I know of, only one formally announced.

And in case you wonder, they layoffs are not limited to the home mortgage sector employees.

And the credit crunch is also being applied to non home mortgage sector loans.

The banks are running scared.