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What will you do if you come to know about your bank in all sorts of trouble and on the verge of bankruptcy? Panic… that’s exactly what’s happening in the Citigroup camp and is involved in very serious discussions with the government to get help. The talks have reached no conclusion and the major points under discussion include the possibility of taking off Vikram Pandit off the management role, putting parts of the group for sale or ask the government to assure customers that Citigroup will be supported by the it.  Whatever has to be done must be done fast as its stocks keep falling (trading at $3.77 a share). Chairman of the Peter J. Solomon Company, Peter J. Solomon stated:

The reason you have to ‘save’ Citibank is you cannot allow this hysteria