I don't see how Lehman shares can go up meaningfully from here. This is a record valuation for them. A lot of the good news is in the stock price.

These are all steps in the right direction. Clearly the sale of the aircraft unit is a positive. I have questioned for a long time why they've had it. Good riddance.

This is a precursor to a deal -- but I would not look for something that changes the face of the franchise.

Mack is not going to sell damaged goods. If he can fix it, he'll get a higher price.

Is any of this stuff going to destroy the underlying value of Citigroup? ... The answer is: No.

There is nothing wrong that you can criticize and say it's a bad quarter.