The Wall Street Journal is reporting that the government may end up owning a 40% stake in Citibank. [WSJ]
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The Wall Street Journal is reporting that the government may end up owning a 40% stake in Citibank. [WSJ]
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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.)
Time to send a message to the folks in Washington that they are taking the wrong steps in the wrong direction…
[www.taxrevolt2009.com]
@Roycester: maybe you could elaborate on this? the website looks like a call for ca voters to pass a new prop 13. i don’t see how that impacts washington at all…
@Roycester: Where’s #3 of the 9-point plan?
does this mean that my citi card payments will be coming right out of my federal withholding?
The irony here is that Citi bought congress in 1998 when they got Glass-Steagall repealed.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…
@Corporate_guy: Ow. That’s kind of a one-ended rope thing.
Meanwhile, Nigeria is telling Citi that they own 50% and need the funds to build a branch or two there.
Guess this means the Mets can now be added to part of our National Debt… Sorry America
@lonestarbl: The New York Mets – America’s Team (literally).
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…
I just gotta say this is LOL:
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.