That Is One Shifty Bandit

September 29th, 2008 by Jason · 3 Comments · all ur bankz, bandit, fail

Meanwhile back at the ranch, Chuck Prince, disguised as a pool table, gets his balls racked

With the purchase of Wachovia, CEO Vikram Pandit’s Citigroup singlehandedly holds 9.8% of all US deposits, or $600 billion.

This will significantly raise Citi’s value by next week when Jamie Dimon buys them, not for their assets or market position, but because One Wachovia Center will provide an excellent base of operations for the inevitable air raid against Bank of America, four blocks away.

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