How things change: Analysts applaud Pandit

Well, the reception of Vikram Pandit was initially rather tepid. Meredith Whitney, of CIBC, deemed his first meeting with analysts uninspired. But he recovered with brio and had a surprising first three days, the centerpiece of which was a bold move to deal with nearly $50 billion in SIVs. Some think that will pave the way for more banks to deal more aggressively with such assets. Goldman Sachs' analyst rewarded Pandit by recommending that clients start accumulating the stock, according to the New York Post. But Mr. Market remains skeptical. Pandit certainly seems willing to act decisively. We'll see where things go.  

For more:
- here's a New York Post article

Related articles:
- Wow! Pandit takes major action already
- Pandit faces a tough course
- Video: Vikram Pandit consolidates seven SIVs