There is nothing wrong that you can criticize and say it's a bad quarter.

Mack is not going to sell damaged goods. If he can fix it, he'll get a higher price.

You basically had a board that backed Purcell, and Purcell has gone, so you would expect over time the guys who were his supporters to slowly be leaving or forced out.

I don't see how Lehman shares can go up meaningfully from here. This is a record valuation for them. A lot of the good news is in the stock price.

Mack is certainly going to continue to reshape the company and the board. There will be guys who are going to be with the program and guys who won't.

Is any of this stuff going to destroy the underlying value of Citigroup? ... The answer is: No.

Mack is certainly going to continue to reshape the company and the board.

The smaller (bank) companies can feed off the crumbs from the big guys. And it's pretty amazing when you see what is left there.

These are all steps in the right direction. Clearly the sale of the aircraft unit is a positive. I have questioned for a long time why they've had it. Good riddance.