Citigroup

“We've done a bunch of arranged marriages, and in those, my conclusion is, You have to have the structure to oversee them, and you have to be very unbending about who's in charge.”

“Oh, they did. They paid her 1.5 million for it. Yeah, so the Citibank logo that you see that has that little umbrella, that's the one she did.”

“I looked around and I saw a system that was built on hero worship. Number one, we used to bring folks like Jeff Skilling of Enron in and have these big town hall meetings, and everybody would ooh and ah about how brilliant he was, and next in would be Hank Gre…”

“Don't forget this company, you know, is, has over four billion in revenue scaling. Probably most people think to ten billion plus in revenue. Over the course of the next year, they just raised six and a half billion. They got a four billion dollar line of cred…”

“My strong belief is that we've shifted around a lot of risk into the insurance, particularly the offshore reinsurance world, where leverage ratio is incredibly high, increasingly invested with affiliates. And we all know what that means, but it's, the reason I…”

“We were not large shareholders of Citicorp, but we did own some and maybe our cost in it was 50 bucks and it was seven times earnings and yielding five percent or something like that... And as the crisis began to develop, I think at 26, I sold the entire posit…”

“Bank of America had unrealized losses of a hundred and thirty-one billion on securities in Q-three. JP Morgan Chase had unrealized losses of forty billion in its held to maturity portfolio in Q-three. And Citigroup did not disclose It's losses for Q three, but…”

“If it were me, I would be moving money to Citigroup, JP Morgan, Truist, you know, those kinds of companies, you know, but that's me personally.”

“Well, in September, The whole suite of settlements with a whole variety of banks, JP Morgan, Citigroup, various others, come in for a total of 7.2 billion dollars coming into this rotting carcass of Enron, which results in a distribution of six dollars and 79 …”

“Citigroup alone had five billion in claims.”

“If you leave this soon, you know, I, it'd been less than a year. You'll never work in investment banking again. You know, you won't work in corporate finance because nobody will really trust you anymore. Right. Like once you've sort of got that bug, I think he…”

“I think the latest stats for someone like Citi. They have 30,000 people in compliance, like 15% of the workforce.”

“Happily, the reason that I was fired from Citi during the financial crisis, and now a decade plus ago, was because I had advocated for returning client money.”

“And so I liquidated, in addition to the mortgage I had on my house, I liquidated all of the assets that I had, and I took all of that money, and I put it into what ultimately became Skybridge's business today.”

“So that business was 1.4 billion dollars. We got it up to 14, and it's now about 10 and a half billion.”