The Wall Street Journal is reporting that the government may end up owning a 40% stake in Citibank. [WSJ]

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  1. theirishscion says:

    Nationalization by any other name?

    Discuss…

    (That’s more of a genuine question than a statement, it’s just starting to look a lot like Nationalization Lite to me.)

  2. Roycester says:

    Time to send a message to the folks in Washington that they are taking the wrong steps in the wrong direction…
    [www.taxrevolt2009.com]

  3. mac-phisto says:

    does this mean that my citi card payments will be coming right out of my federal withholding?

  4. Corporate_guy says:

    The irony here is that Citi bought congress in 1998 when they got Glass-Steagall repealed.

    So Citi owns congress and congress owns Citi which owns congress…

  5. nucwin83 says:

    Meanwhile, Nigeria is telling Citi that they own 50% and need the funds to build a branch or two there.

  6. lonestarbl says:

    Guess this means the Mets can now be added to part of our National Debt… Sorry America

  7. varro says:

    When we look back on this, Hank Paulson will be put up on the banners along with Marx, Lenin, Stalin, and Sarah Palin as “Great Socialist Leaders” of the People’s Republic of America…

  8. Oranges w/ Cheese says:

    I just gotta say this is LOL:

    4. Democrats won’t protect you.

    Democrats won’t protect you. They have sold you out. Democrat leaders only protect government workers, illegal immigrants, and special interests that feed at the public trough.

  9. papahoth says:

    We need banks. We need to do what needs to be done despite all the nonsense from the idealogues. The FDIC has plenty of experience, unfortuntately, of taking over failed banks and successfully turning them around. Of course none of the failures have ever been as large as what we are looking at now. Kills me how much I read about how this administration is using scare tactics. On the contrary, they have not told us how bad things really are and how much worse they can get. We are staring at the abyss of the second worse economic downturn in American history. Doing nothing is not an option.