Geithner's 'Policy' Is Leading Us to Disaster By Jim Cramer About this article: What should have happened with Citigroup ? Pretty simple. If Vikram Pandit went to Washington hat-in-hand -- which is how Washington it portraying it -- Washington should have said, "Go back to New York, you are fine, we aren't going to worry." Someone has to stop the madness and say, "Look, here's the deal -- we will make you good on your losses, you pay us back when things are better." There is no doubt among anyone who trades residential mortgage paper that the marks, the price, the values, the ratings, are now well below what they could be worth even if everything goes wrong. My friend Michael Cembalest at JPMorgan is talking this morning about "everything that can go wrong, will go wrong" with an alt-A tranche of 2005 mortgages -- arguably among the worst of the first lien mortgages -- and comes up with... Or, call us at 1-866-321-TSCM (8726) Monday-Friday, 8 a.m.-6 p.m. ET. Outside the U.S. and in Canada, call 1-212-321-5200.

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