Sheila Bair Rains on Vikram Pandit’s Parade

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Regarding the A+ marks the Citigroup CEO brought home on his report card yesterday: "Some FDIC officials are skeptical of the findings. One person close to the agency described the outside report as 'a total whitewashing.'" We think what they're saying is that it's possible he used Wite-Out to change the grade on his report card. How old-school. [WSJ]