As if Citigroup Inc. isn't facing enough challenges right now, OppenheimerFunds Inc. analyst Meredith Whitney apparently is through with Citi. "We wish [Citi's] management team all the best in their ambitious endeavors, but we fear [it] is past the point of fixing," Whitney wrote. For more see
Dealbreaker.
- Maria Woehr
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MEREDITH WHITNEY'S PAYCHECK COMES FROM OPPENHEIMER FUNDS, WHOSE CLIENTS ARE HEAVY SHORT SELLERS OF CITIGROUP. SO, IT'S NOT SURPRISING THAT WHITNEY CONTINUES TO RIDE THE BACK OF CITGROUP TO HELP HER FIRM'S CLIENTS CAUGHT IN A SHORT SQUEEZE ON CITIGROUP STOCK BECAUSE OF THE FED'S BACKING OF THE BANKING MAGNATE. WHITNEY SHOULD STICK TO HER SIDELINE OF SELLING BUBBLEGUM TO KIDS.