here's a clip from a headline AP article showing how positive citi's results are. $14bil in write downs and 1/2 revenue year over year are "positive signs"? man...you gotta be kidding me...

AP-

Still, the $14.1 billion in write-downs were smaller than the $18.1 billion it marked down after the fourth quarter.

And in another positive sign for investors, total revenue came to $13.2 billion -- about half what the bank pulled in during the first quarter of 2007, but more than the average analyst forecast for $12.8 billion. The bank's revenues were padded by its global consumer segment and its global wealth management business.