Jim Cramer freaks out over Pandit’s departure

On CNBC this morning, Jim Cramer was flabbergasted over Citigroup CEO Vikram Pandit’s abrupt departure: “This was a terrific quarter… I don’t know what the heck is going on here… Pandit’s young, people respect Pandit, he’s really turned the company around, he inherited a total joke company, it was destroyed and he resurrected it. This is shocking! His people would take a bullet for him… we need answers.”

Watch/listen: