Today Citigroup's CEO Vikram Pandit was talking up the prospects of his bank. He said it would soon be profitable. He also said that going forward he wanted to concentrate his banks activities and loan portfolio in favor of "emerging markets".
One of the problems with America's weak recovery is a lack of credit that is available to small and large business. Also this is the same bank that received over $45 billion from the American taxpayor. But he wants to go to Asia with his best efforts.
Go to hell Citigroup.