Citigroup: Now the bank is all but extinct

"Selling Smith Barney doesn't solve any of [Citigroup's] problems. It neither raises any capital to speak of, nor does it unload bad assets. And why sell now? Supposedly they are going to book some $10 billion in gains on the sale, but so what? No one is fooled into thinking that's real capital right? Valuation on the brokerage unit is got to be at all-time lows!"