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Money Minute: Citigroup, Debt, Free Lunch

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Uploaded by on Dec 11, 2008

Citigroup and UBS AG will buy back close to $30 billion in risky auction-rate securities that regulators said the banks marketed as safe. The AP's Mark Hamrick reports. (Dec. 11)

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  • okey, guys any explanation why i am broke and making only 7.5 an hour delivering pizza?

    i graduated from public school and had all A's in my 12th grade. went to college got into debt and now broke. any bail out money for me?

  • Free Lunch? what a Dummy

  • The Bail Out does not help Main Street; it is welfare for Wall Street!

    Small businesses cant get loans; kids cant get loans to go to college; home owners cant get loans; but the elite of Wall Street get to keep their billions of dollars in Christmas bonuses last year!

    And these banks are using the money to give more bonuses to their executives; buying more banks; and, extending gratuitous benefits & pedicures to the corporate aristocracy

    Bankruptcy court would mean returning their bonuses

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