Splitting Citi
The Wall Street way

We're splitting off an entity
    that we call Citi-Oops:
Three hundred billion of illiquid
    loans by nincompoops.

The part left shows a profit,
    or very nearly so;
The part we're calling Citi-Oops?
    Absolutely no!

Our board's appointing Parsons
    to be co-CEO.
Along with Bernie Madoff
    they will both give it a go.

Bankruptcy – Chapter Seven
    is the course they plan to take
When Paulson and Kashkari
    have acquired another stake.

The other part of Citi should
    come through all this unscathed,
Though any who have worked at it
    will be in need of being bathed.

Bob Carlson

To 'Bush League Bankers'
To 'Citi-Oops'
To 'Citi Shuffles Top Ranks Again'

Click for more
• Bush League

• Citi-Oops
• Goldman Sachs
• Robert Rubin