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Citigroup's Minus Touch
Citigroup CEO was credited with launching a 5 percent one-day rally in the stock market with his upbeat staff memo and news of a surprisingly good quarter. But Jay Leno of the Tonight Show was among the skeptics, to say the least.
"In a stunning announcement, Citigroup showed a profit and had its best quarter since 2007," Leno said in his opening monologue last night. "They made $8 billion in profit. That just goes to show you, you give a company $45 billion in government bailout money, they'll show you how to turn it into $8 billion. See this ... is capitalism!"
Leno went on to crack wise about the still-ailing, still-flailing economy:
"I tell you, it's in bad shape," he deadpanned. "I saw the CEO of Home Depot looking for work in the parking lot of Home Depot. That's how bad!"
Source: Frontrunner
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