Finally, a breakfast taco talk about making an offering at the altar of fast food. We are kicking it off with what everyone is talking about today and it is summed up with one word failed. Failed. Failed. Failing is a part of business and part of life, but when it comes to stress tests at the Federal Reserve instituted on big banks after the financial crisis, failing this go round is a big deal. Tocitigroup ask the fed return capital to shareholders, more capital to shareholders, an increase in its dividend, currently a penny or larger buyback. Citigroup was rejected by the fed on a qualitative basis. Quantitative, numbersbased analysis of banks finances, and others qualitative , analysis which considers things like internal controls and corporate governance. It was on that basis that citigroup failed and as a result, it cannot increase it evident nor cannot buyback more stock. 29 of the 30 banks did not pass and the one that did was very close. There are these more subjective factors,