Friday, February 27, 2009

Government solutions are killing us

Citigroup Inc. said Friday it reached a deal that will give the government up to a 36 percent stake in the struggling bank.

As a result of the government's help, Citigroup is down 43% in pre-market trading.

I am reminded of a famous sports cliche. When a great player on a losing team requests a larger salary, the owner replies "If we can lose with you, we can certainly lose without you."