Barbzzz

We're mad as **** and shouldn't have to take this anymore! The US Treasury has done a great disservice to the people of this country. Not $1 of taxpayer money ought to be provided Citigroup until Messrs. Rubin, Prince, Bushnell, Mahera, and Barker, among the most notorious, have forfeited the fortunes they were paid by Citigroup. Taking business risks isn't necessarily a bad strategy. The BAD enters the picture when none of the revenues made during this stretch are reserved for potential, and likely, losses at the end of the investment cycle. Now that we know what was at the end of this particular investment cycle, the extent of their crime is exposed. Enriching those named above at the expense of Citgroup's very existence is criminal. We as a society throw shoplifters in jail for theft of only $300, however, the US Treasury allows the above name individuals walk as very wealthy individuals after having ransacked Citigroup, and now the US taxpayer.

Labels: Charles O. Prince III, Citicorp, Corporate Bailouts, Robert Rubin, US Treasury