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Citi Gets 20 Billion Dollar Bailout - Nov 24 08

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Uploaded by on Nov 23, 2008

Citigroup is the latest institute getting bailed out by the United States Government, again. Stocks have gone down 87% this year. The US Government is using TARP funds to bailout Citigroup. The Government gets a stake in preferred stock. The last chunk of change given to Citigroup was used to acquire other banks and did not help the situation in any way.

They did not make good use of the money they received just weeks ago but now they get more?????

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Top Comments

  • Too big to fail...too stupid to succeed.

  • These Wall Street righties have always talked mounds of shit about free market and survival of the fittest. But now look at them squealing like helpless baby birds. I would like to see a movement of principled high ranking execs come forward and say "stop this madness of borrowing from Peter to pay Leviathan. We accept our defeat with the same heraldry with which we proclaimed our victories". But rather than being true principled conservatives they've proven to be greedy opportunist cowards.

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All Comments (23)

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  • Boycott the evil empire.

  • I think it is funny that the government just transfered all of their government charge cards from B of A to CITI Communists

  • They flash a 700 billion $ figure in front of the American people's noses and then spend 7.7 trillion and still counting.

    Americans have spent more than double what the

    banks were worth when they were healthy.

    Hyway Robbery

  • America is being "purchased" by those who are supposed to represent us. We are observing our nation becoming a socialist society. Interesting the perfect timing for the idiot king-to-be to step in and lead us forward to "CHANGE". Someone pass me the barf bag.

  • Both Bush and Obama have talked at various times about the need for personal responsibility for individuals. Now we are told that some corporate entities are too large to fail and time is of the essence. Well I guess theyre taking a page from George Orwells Animal Farm and Squealer would be proud: All animals are equal, but some animals are more equal than others. Our Government is literally giving away our money faster than they can print it to these more equal animals. How sad for us all.

  • Obama calls it "change","Hope","Yes We Can", and he can fool enough people to get elected. He ran the best MARKETING campaign and won.

    You voted for it ? You got it !

    Intelligent people in-the-know, do not have any illusions about it. Washington continues to be corporate occupied territory. The rulling elite keeps the status quo and continues to enrich themselves at your (taxpayer's) expense.

    More billion dollar bailouts are comming soon.

  • Ralph Nader said: "Prepare to be disappointed".

    We are now "One Corporate Obama-Nation under God".

  • "The United States has essentially a one-party system and the ruling party is the business party" (Chomsky).

    i.e. the Corporation.

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