U.S. bails out Citi with $20 billion capital, guarantees

U.S. bails out Citi with $20 billion capital, guarantees

www.reuters.com

Not all investors were pleased. "You're seeing an inept management team being rewarded by the U.S. government," said William Smith, chief executive of Smith Asset Management in New York, which owns Citigroup stock.

(visit the link for the full news article)

When will this end???? I can only assume the Automakers are next...and who's after that? How long before America loses her AAA Credit Rating.. How long before we bankrupt future generations of Americans?

So Citigroup gets the check - several employees go stand in line for their unemployment checks - who in turn will pay taxes towards the bailout to Citigroup.

Now that's irony isn't it.

www.reuters.com
(visit the link for the full news article)

I guess the Bush administration can not leave our friends the Saudis specially Prince Alwaleed bin Talal bin Abdul Aziz al Saud without their rewards from his administration.

Citi was already bailed out back last year by the Saudis infuse of liquidity when they bought part of it.

Citi is more foreign that America if by now is already completely in the hands of foregn governments, inlcuding majority Saudi and second Asia.

OH Great now here is a DEAL!

Let's see take the Tax payers money and give it to the banks so they can lend it back to us with interest?



This so pathetic it's almost laughable. OMG!

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