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.

Click here to listen.

About Luke Ford

Raised a Seventh-Day Adventist at Avondale College in Australia, Luke Ford moved to California in 1977. He graduated from Placer High School in 1984, reported the news at KAHI/KHYL radio for three years, attended Sierra College and UCLA, was largely bedridden by Chronic Fatigue Syndrome for six years, and converted to Judaism in 1993. From 1997-2007, Luke made his living from blogging. Living by Beverly Hills (, he now teaches the Alexander Technique (moving the way the body likes to move). Lessons cost $100 each and last about 45 minutes. In 2011, Luke completed a three-year teaching course at the Alexander Training Institute of Los Angeles. His personal Alexander Technique website is Luke is the author of five books, including: » The Producers: Profiles in Frustration » Yesterday’s News Tomorrow: Inside American Jewish Journalism
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