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Tag Archive 'citigroup'



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The Obama administration is reportedly considering several fixes for the banking system. Unfortunately, none of these include the most important step: writing down the value of bank assets to nuclear winter levels. And most of them include the wasting of hundreds of bilions of taxpayer dollars to bail out bank stakeholders.
In other words, these [...]

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I figured this would happen when all the Whos in WhoVille were asleep. A few years back, Citibank acted as if they didn’t want my personal and business banking, so I went elsewhere. Then, when I was a victim of credit card fraud, they acted as if I were the criminal. [...]

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Citigroup to get bailed out

So.. who’s next to get bailed out at taxpayer expense? Why, Citigroup, of course! Who else?
Government working on Citigroup rescue
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