Monday, August 24, 2009

DON"T WORRY BE HAPPY

BANZAI7 NEWS--Fox-Pitt Kelton expects Citigroup Inc (C.N) to face another $44 billion in loan losses over the next 18 months.

Citi's large exposure to problem securities could once again be a threat, should the global economy dip again, the analyst said, adding that loan losses could end up closer to $68 billion.



VIKRAM PANDIT: DON'T WORRY BE HAPPY
Bobby McFerrin
WilliamBanzai7

Here is another billion dollar loan loss I wrote
You might want to read it note for note
Don't worry be happy
In every financial supermarket we have lots of trouble
When you worry you make it double
Don't worry, be happy......

Ain't got no other way to pay our overhead
Somebody came and took your bonus instead
Don't worry, be happy
The FDIC lords say our rent is late
We may have to litigate
Don't worry, be happy
Look at me I am happy
Don't worry, be happy
Here I give you my cell phone number
When you worry call me
I make you happy
Don't worry, be happy
Ain't got no free cash for a long long while
Ain't got no good news to make shareholders smile
But don't worry be happy
Cause when you worry
Your face will frown
And that will bring everybody down
So don't worry, be happy (now).....

There is yet another silly email I wrote
I hope you read it note for note
Like good little CITI banker children
Don't worry, be happy
Listen to what I say
In your life expect some market troubles
But when you worry
You make it double
Don't worry, be happy......
Don't worry don't do it, be happy
Put a smile on your banker face
Don't bring everybody down like this
Don't worry, it will soon past
Whatever it is
Don't worry, be happy

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