Tuesday, March 24, 2009

Most Embarrassing Moment for the United States at FFI

In a private conversation with Central Bank Governor Durmuş Yılmaz of the Republic of Turkey, Yilmaz told me that the largest bank in Turkey, Ziraat Bank, could easily buy Citigroup at its current market cap. He then laughed and told me that they didn't want Citigroup.


  1. Thanks for the great reporting from inside the WSJ's FFI event. Your comments have been enlightening.

  2. turkey laughing at US ? now thats funny. Isn't turkey in deeper economic shit than US ? their currency value over the last year shows clear story.