Take My Money, Prince, You Deserve It!

[Update: We now know the exact figure of the multi-million-dollar package awarded to Chuck Prince, who wiped $36 billion off Citigroup's balance sheet -- $140 million. Disgusting.] CitiGroup CEO Chuck Prince resigned yesterday. Hmmm, another quiet Sunday afternoon resignation of a Wall Street prince... a trend emerges. Why do these guys resign on Sunday afternoon? Do they think nobody will notice? Wall Street seems to have noticed -- the Dow is down 83 points at the time of this writing. That rate cut last week really did its job, didn't it! Those guys at the Fed sure are smart!

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