This post appeared earlier today on RealMoney . Click here for a free trial, and enjoy incisive commentary all day, every day.Citigroup's ( C) at $1. General Motors ( GM) is at $2. Bank of America's ( BAC) at $3. Do you buy any of these midgets? Do you risk $6 and buy them all, some sort of distressed basket? First, I think that Citigroup is the ultimate zombie stock, slightly better than American International Group ( AIG), but slightly worse than all but GM. If we get a pronounced, quick recovery in the world's economy, this one could be a worthwhile play because it is not going to go out of business. This one's a long-dated call on the turn. It reminds me of Ford ( F), which is also a long-dated call but a less likely one to be exercised because unlike Citigroup, which is owned by the government, Ford is still in private hands and therefore faces dilution from the government because those sales are so awful. Ford is more of a moving target than Citigroup, with sales down plus-40%, although Citigroup's situation is a capital-eating one and therefore most likely demanding more capital. It would not be this way if the government adopted the Federal Home Loan Bank Board folks' plan (key words Bowers Espy if you want to see it).