Recent Blog Posts
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The $4.5 Billion Dollar Bank Run
Nov 07 201111:20 am EDT -
The Times' Rorshach Geithner Story
Apr 27 20099:26 am EDT -
Sinking Animal Spirits
Apr 27 20098:45 am EDT -
Counter-cyclical Urban Policy
Apr 26 200910:00 am EDT -
Be Your Own Counterfeiter
Apr 26 20099:36 am EDT -
Being Tim Geithner
Apr 25 200912:37 pm EDT -
Notes From a Press Conference Naif
Apr 25 20099:41 am EDT -
What Good is the News?
Apr 25 20098:32 am EDT -
Stressful Enough
Apr 24 20092:29 pm EDT -
Not Regretting the Pound
Apr 24 20091:09 pm EDT
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Nov 05 2007 12:00am EDT
Citigroup Datapoint of the Day
We may be approaching a time when Citi’s stock would do better if it did eliminate the dividend...
Such a cut would save the company $10.8 billion a year. As it happens, that is just about the amount of the latest writedown.
On the other hand, if Citi abolished its dividend, that might turn the last remaining bull on the stock bearish. You've got to have a bid from somewhere, right?
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