well, i'm glad to see our $20 billion loan to citigroup is being well spent on things such as naming rights to a baseball stadium, while those poor schmucks at gm grovel for their keep. ironically, as citigroup "wins" its naming rights, tiger woods becomes the next victim of the failing economy. we live in a divided america, folks, where the white collar bankers go carte blanche and the blue collar workers sing the blues. so much for a colorblind america.
I've always hated Citigroup, though I do have one of their credit cards, Jonathan Golob reminds us:
Nominally, in my posts this would be the time where I make a nicely reasoned discussion of the negatives and positives of the latest action. I can't. I'm apoplectic—consumed with rage beyond rational thought.
Citigroup is eponymous for the sort of financial bullshit that sank all of us—the entire fucking global economy—into what is increasingly likely to be a decade- (or decades-) long period of abject misery. I. Cannot. Even. Start.
In 1998, the formation of Citigroup unilaterally ended the Depression-era Glass-Steagall act. That's right, this fucking financial monstrosity simply decided a cornerstone of American financial regulation shouldn't exist, and acted accordingly.
a little research on obama's advisor and clinton wing man, robert rubin, shows that he received 17 mil dollars in compensation from citigroup and 33 mil in stock options. wtf?
Agree on the citigroup criticism, but tiger a "victim" of the failing economy? yea, i guess it's going to decimate his estimated $600 million worth and he'll have to take the bus...
why dont they break citi into the regional banks that were deemed "too small to compete" in the 90's that were gobbled up to make the group - shit they didnt lose $300 billion. I guess us midwestern folks are too good at not losing money to get bail outs. Fuck NYC and her bankers.
i'm sure Tiger will survive somehow, he might have to play a few more tournaments next year
i really hate this 'too big to fail' excuse. in a capitalistic society some companies succeed and some fail, and i think the gov't needs to let it play its course. what really baffles me is that they allowed Lehman Bros. to go under, but yet now everyone is too big and we have to save them.
Nov 25, 08 9:00 pm ·
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citifield and tiger loses his buick
well, i'm glad to see our $20 billion loan to citigroup is being well spent on things such as naming rights to a baseball stadium, while those poor schmucks at gm grovel for their keep. ironically, as citigroup "wins" its naming rights, tiger woods becomes the next victim of the failing economy. we live in a divided america, folks, where the white collar bankers go carte blanche and the blue collar workers sing the blues. so much for a colorblind america.
you need a drink.
time for an independent revolution....
ah bossman, i'm not expecting much outrage, or even much sympathy. i just find it funny how the more things change the more things stay the same.
A lot of people are really, really angry about this deal.
I've always hated Citigroup, though I do have one of their credit cards, Jonathan Golob reminds us:
Nominally, in my posts this would be the time where I make a nicely reasoned discussion of the negatives and positives of the latest action. I can't. I'm apoplectic—consumed with rage beyond rational thought.
Citigroup is eponymous for the sort of financial bullshit that sank all of us—the entire fucking global economy—into what is increasingly likely to be a decade- (or decades-) long period of abject misery. I. Cannot. Even. Start.
In 1998, the formation of Citigroup unilaterally ended the Depression-era Glass-Steagall act. That's right, this fucking financial monstrosity simply decided a cornerstone of American financial regulation shouldn't exist, and acted accordingly.
anybody else wondering why we haven't bailed out enron yet?
kidding aside, mr bush is going to need a job after january. bailouts of texas firms are probably on the horizon.
a little research on obama's advisor and clinton wing man, robert rubin, shows that he received 17 mil dollars in compensation from citigroup and 33 mil in stock options. wtf?
i'm sure the citigroup execs took the bus to get their bailout.
i'm not the least bit surprised about rubin. usa has been an insider's game for a long while now. harvard...yale...princeton...or bust
again it was the old "too big to fail" chant that got them the dough re mi.
yeah, that one works everytime.
Agree on the citigroup criticism, but tiger a "victim" of the failing economy? yea, i guess it's going to decimate his estimated $600 million worth and he'll have to take the bus...
does this mean my beloved Mets will continue to lose?
why dont they break citi into the regional banks that were deemed "too small to compete" in the 90's that were gobbled up to make the group - shit they didnt lose $300 billion. I guess us midwestern folks are too good at not losing money to get bail outs. Fuck NYC and her bankers.
i'm sure Tiger will survive somehow, he might have to play a few more tournaments next year
i really hate this 'too big to fail' excuse. in a capitalistic society some companies succeed and some fail, and i think the gov't needs to let it play its course. what really baffles me is that they allowed Lehman Bros. to go under, but yet now everyone is too big and we have to save them.
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