Lee Eugene Munson and Lorraine Ell analyze Citigroup. Published on Seeking Alpha

We recently published a report entitled Citigroup: Too Big to Fail or Succeed. It turns out that nothing has changed. Now that we have news of the Smith Barney merger with Morgan Stanley (MS), more information is coming out about how bad it is. More importantly, we want to know if the preferred stock we have been trading, C-P, will be able to stay afloat. We will know more details today on the downsizing program.
Read the full article here.

Tags: bonds, breakup, C, C-P, C-PP, Citigroup, downsizing, GE, IndyMac, Lehman Brothers, Morgan Stanley, MS, Smith Barney, TARP, Washington Mutual