I’m pretty sure this is bad…

I was traveling yesterday — to New York for an interview with the CEO of Macy’s that’ll air next week. But I wanted to point this out.

At one point yesterday Citigroup was worth less than when it went public nine years ago.

And its market cap is barely worth the $25 billion in TARP money that Hank Paulson pumped into it.

Not good. Not good at all.