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Dismiss Citigroup at Your Own Risk

By Jim Cramer

 About this article:
 Since I started advocating Citigroup, using a $6 target -- 1.5 times times book value -- I have seen two kinds of major objections to the idea of buying this stock (and my email is running 10 to one against buying it, which means there are lot more people off board than on!). The first is that FDIC Chair Sheila Bair could come in tomorrow and take it over and fire Vikram Pandit and the top team. That would not be good, because Pandit may not have worked with lightning speed, but he's a good man who is doing a lot to get rid of the bad and harvest the good. So is Ned Kelly, his terrific partner in the endeavor, one of those guys who has experience everywhere and knows his way around the law and banking. He's kind of like Bob Rubin before Bob Rubin...

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