Citi, citi, citi......

An interesting situation at Citi. Billions of government loans and still no clarity on what the company will look like a year from now. And specifically what Smith Barney will look like either.

It seems as if Morgan and Citi are trying to bake an apple pie with two bad apples. Both companies continue to face huge liquidity concerns and are nowhere near out of the proverbial "woods". 

One thing is certain; if you are an advisor at either of these firms you should be continually updating your rolodex. Take meetings and make connections with your competition. It only makes sense from a "self-preservation" stand point.