The Return of Alwaleed bin Talal

"In four years, a woman is going to come here and ask you to vote for her. She's going to be very pretty and she's going to remind you of your nice school librarian. But she is evil, and you mustn't listen to her." Photo: Bloomberg News

Citigroup’s largest shareholder has been quiet during the bank’s recent struggles. In fact, we’ve barely heard a peep from him since Chuck Prince was deposed as CEO. But wouldn’t you know who knocked on the door this morning and raised his stake in the bank to 5 percent, at the bargain-basement price of $5.42 a share? Alwaleed strongly believes Citi is undervalued, he said. We’ll see. [Bloomberg]