TheStreet.com RealMoney

Citi Isn't GM

By Jim Cramer

 About this article:
 Citigroup just can't be compared to GM . You just can't call for the firing of Vikram Pandit because the government fired Rick Wagoner at GM. At least not yet. It is true that the government has had to be directly involved with administrating the unwieldy aspects of Citigroup. But Citigroup has a very good hope for profitability if we can just forebear and get through this period. Even with Pandit. GM didn't have a hope. There was no plan at all -- just losses as far as the eye could see. So why should they somehow be considered equal? This all comes down to the inherent profitability of one business -- the banking business -- and the inherent unprofitability of one of the auto companies -- GM. I simply do not understand how some people do not realize that banking is a terrific business when you...

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