Day of Reckoning

Citigroup's day of reckoning
Prince out as chairman and CEO as nation's largest bank discloses possible additional subprime mortgage writedowns of up to $11 billion.

Day of reckoning? That better not turn into a year of reckoning or the house is in serious trouble.

Poll Results: The Year of the Financial Reckoning?

I must admit I never did define what "The Year of the Financial Reckoning" actually was. Those of you who voted for 2007 could easily claim a partial victory at this point (especially if you actually work at Citigroup). Bravo!

On the other hand, it is quite possible those who voted for 2008, 2009, and so on shall also be rewarded with a victory as well. Wouldn't that be unprecedented? Let's just hope the house has enough reserves to honor all bets so that we all can prosper off our own demise!

See Also:
Profit Off Your Own Demise!