Why Citigroup Is Making Me Nervoushttp://www.fool.com/investing/general/2013/02/14/why-is-citi-sending-its-investors-such-mixed-signa.aspx John Grgurich
February 14, 2013
Whether you're in a personal relationship or a business relationship, no one likes mixed signals. But that's exactly what Citigroup (NYSE: C) is sending to its investors regarding plans for handling cash reserves set aside for the bank's troubled mortgages.
Bad banks for bad mortgages
But not even one month ago, Gerspach told investors on the bank's fourth-quarter earnings call that Citigroup was hesitant to release these reserves until the country had more completely resolved the fiscal cliff -- that the way it had been settled was a case of "kicking the can down the road."
If you build it, they will come