Thursday, August 7, 2008

"Large'" Firing at Citigroup

No not someone responsible for any one of the many multi-billion dollar bad risk securties acquistions at Citi, but a formerly anonymous blogger,"Large", who never mentioned Citi in his blog and instead focused on T & A with a decidedly trader's mentality/viewpoint on the entire subject.

He was fired for "blogging during working hours."

Barry Ritholz perceptively notes:

Citigroup should swap out their Risk management team (who missed billions of dollars in bad buys of garbage paper) with their Compliance team -- who somehow spotted an obscure blog that never even mentioned Citi's name

For those with a trader's mentality, Large blogs here.

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