Citigroup: Bad Bank to Create Bad Bank Incubator

I know it isn’t precisely what this headline means — "bad bank" is a euphemism in bailout circles for walling off from one another functional and non-functional parts of banks -– but I still like this from the WSJ today.

badbank

To my way of thinking, if we’re interested in creating bad banks, it’s worth knowing that Citi is a veritable "bad bank" incubator.