Citigroup's stock has fallen below $1.50.
Think of what this is doing to the morale of employess there. This in addition to the 75,000 layoff/downsize figures (whether actually exited or in a business unit that is sold) last year.
It isn't just Citi that has "got the new reality". It is all manner of people who invest money, trade money or save money. We wouldn't be returning to the era of "money creates money without effort" jobs and organisations. Hard work and productivity measured by material output and/or real customer support (in services industries) will mean much more than amounts adjusted by derivatives whose pricing has, at the most, been nebulous.