Sure Chuck Prince is gone - along with his platinum parachute worth tens of millions - but his hands are all over this failure. Current Citi CEO Vikram Pandit is not much better but the ground work for this collapse sits squarely in the hands of Charles Prince. When is someone going to ask for the money to be returned from him? Stanley O'Neal, Angelo Mozilo ought to be on the list as well. This is a fast moving market, but how are they getting away with creating so many problems? Barney Frank is right when he says people ought to be prosecuted. It sickened me to discover that somehow, no one was responsible for the failures of 9/11 and the same applies with this disaster. Sweeping it aside is not an option.
Shares of Citigroup, once the nation's most powerful bank, dipped below $1 a share for the first time Thursday.

The stock ultimately pared its losses and closed down 9.7 percent at $1.02 on the New York Stock Exchange.

New York-based Citi has lost more than 85 percent of its value so far this year, and is down more than 95 percent from a year ago as the bank was pummeled by the financial market crisis.

Citigroup's shares will remain on the New York Stock Exchange. Last week, the NYSE relaxed its listing rules to allow stocks that fall under $1 to still be listed and traded on the exchange.