Citigroup just got bailed out by the U.S. taxpayers to the tune of $300 billion and guess what, management retains their positions. Only in America, huh? If, the average American were to lose their company's money on the scale that Citigroup had, heads would roll. Citi's management remains intact because no admission of wrongdoing was apparently found. Reminds me of company's that get sued in Court and they pay a fine, but don't admit to any wrongdoing. That's why I'm glad to be born in America! I can make a mistake and get fired for it, but if, I attain a very high position in America, I don't have to admit to any wrongdoing. What a great Country! Citigroup, and it's management knows that better than anyone how great it is to be an American Corporation. They are a country unto themselves as far as the financial industry goes. No one fully knows how many politicians they have on their payroll lobbying Washington to favor their interests both here and abroad. If the financial sector were a jungle, they would be a hyena, that dog-looking four-legged animal that is noted for their ability to devour and digest the fallen as far as the financial industry goes. Why a hyena? A hyena is a gluttonous animal. It has enough, but always wants more. A hyena has a history of longevity as the basis to its survival and so does Citigroup. Citi is both too big to fail and too whiny to be ignored. If, Citi failed, then there would be a run on deposits and even lower consumer confidence in the psyche of the American People.
Now on the honeymoon of the Citi bailout, their Infrastructure Unit, Citi Infrastructure Partners is buying a majority stake in a Spanish Highway operating company for a little more than $10 billion according to Marketwatch and yes, I like most taxpayers, think some of that money is coming from the bailout money we gave them. You'd think that Citi would have the good sense to at least wait until, memories of their bailout is out of the average taxpayers mind.
To read the article click here.
Now on the honeymoon of the Citi bailout, their Infrastructure Unit, Citi Infrastructure Partners is buying a majority stake in a Spanish Highway operating company for a little more than $10 billion according to Marketwatch and yes, I like most taxpayers, think some of that money is coming from the bailout money we gave them. You'd think that Citi would have the good sense to at least wait until, memories of their bailout is out of the average taxpayers mind.
To read the article click here.
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