AN ODD STATEMENT

In an AP report about Citigroup announcing an almost $10 billion loss and a further write-down of $18.1 billion for its investment portfolio, this seemed very surprising:

Citigroup's chief financial officer Gary Crittenden startled analysts on a conference call by saying the bank doesn't expect the housing industry to stabilize soon.

If those analysts didn't expect that, they should be fired. If the reporter misunderstood, AP should print a correction.