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So lemme get this straight

Submitted by wafflehutguy on Mon, 11/24/2008 - 16:59
in
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A month ago Citibank was bidding to buy Wachovia, the 4th largest bank in the US

Then they got muscled out by Wells Fargo,

Then they're laying of 75,000 employees,

Now they're getting a $20 billion bail out?

End the Fed!

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Citi finally had to show it's junk hand

Submitted by northstar on Mon, 11/24/2008 - 17:21.

I agree Waffle, why did they even bother to poke their nose in any aquisition deals?

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sounds to me like this was a shakedown

Submitted by wafflehutguy on Mon, 11/24/2008 - 17:24.

and Sheila Bair paid Citi 20 big ones to go away - at our expense

this is soooo blatant and outrageous

so now we have

Submitted by e_goldstein on Mon, 11/24/2008 - 17:21.

amcredit, as well as aminsurance (AIG), and soon to be amcar.
I'm sure they will all be run as well as amtrak.

“The ultimate result of shielding men from the effects of folly is to fill the world with fools.”

-- Herbert Spencer

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"the only thing that keeps the banking system from failing is general ignorance about how the banking system works."
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Add a "d" to those

Submitted by fanofwalt on Mon, 11/24/2008 - 18:03.

damcredit
daminsurance
damcar

Yes, it's misspelled, but even that suits the way the government "works."

A little bit of humor... SNL skit (Big Three Bailo-Out Hearing)

Submitted by Citizen Joe on Mon, 11/24/2008 - 17:21.

http://videocafe.crooksandliars.com/heather/snl-spoofs-big-t...

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“Liberty without learning is always in peril... and learning without liberty is always in vain”

- John Fitzgerald Kennedy

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"The greatest mystery of all is truth." - Me, 2009

It is like the dead guy from al-qaiaida

Submitted by ODell Equip on Mon, 11/24/2008 - 17:16.

That keeps coming back to make videos, your not supposed to remember that. You must not be a patriotic American.

Thank you Dr. Paul for making me act on what I already knew was right.

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*May the only ones to touch your junk, be the ones you want to touch your junk.*

ignorance is strength - Orwell

Submitted by wafflehutguy on Mon, 11/24/2008 - 17:19.

where's my beer? - American Idol reruns are on tonight...

Crazy, ain't it?! Ah, the

Submitted by James Calloway on Mon, 11/24/2008 - 17:13.

Crazy, ain't it?!

Ah, the good ol' USSA.