A Tale of Two Cities

CitiBank – Lost market cap; reported losses; refused to file bankruptcy; accepted billions of dollars in bailout package and  

Circuit City - Lost market cap; reported losses; filed bankruptcy and finally decided to liquidate its assets (Should I add that it did not convert into a bank-holding company to be eligible for the TARP??)

Circuit City surely sets an example and hope for free market world. But pragmatic thinkers (including me) say -at the end of the day it is CitiBank that (so far) survived!!

© Rohit Deshpande