Citigroup CEO Vikram Pandit Talks To The Los Angeles Times

Citigroup has received four federal bailouts. Vikram Pandit claims the banks could buy back the federal government's share at any time.
He seems upbeat on the economy. He says low interest rates are helping people repay their mortgages and thus backing up mortgage-backed securities. He says the housing market is rebounding. He has thoughts on financial institutions too big to fail. He blamed the credit crunch on the failures of shadow banking institutions aka the inability to securitize debt because of the breakdown of trust in our financial system.

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