Bad Management leading to the Destruction of Good Companies

How does the largest bank in the world lose their entire market share? Going from number one, to among the ranks of Fannie Mae, and Freddie Mac, trading at $3 a share now, but soon to be in the dollar and CENTS collum. According to Dillan Ridigan from CNBC, Bad Management is the contributing cause.

So the saying remains true, the bigger they are the harder they fall, so what does that mean for the rest of the financial firms? Which companies are safe to invest in, and which ones are not. If the largest bank in the world goes under wouldn't one hold into account that other financial companies will follow in their footsteps, or at least be trading near Citi's stock price. WFC, BAC, JPM, PNC, where will these guys stand amid a further deterioration, and eroding of global economies. Citi (C) once trading at $26.40 a share at the beginning of 2008, to now struggling to hold on to $3.50 a share.

In my opinion some of these financial companies by mid year will be joining the ranks of AIG the worlds largest insurer, who received Government funds, and is now trading at $1.42 a share, and has not touched the $2 mark since December 3 2008.... despite the markets strong comeback rally's. Keep in mind this downward move occured rather quickly, so if you snooze you lose. AIG's stock went from $22.76 on September 8, 2008 to $2.05 a share September 17, 2008. 9 DAYS!! Bank stocks have been down big the past 5!!! Stay tuned...