The New F***ing Citibank

Definitely owned by their betters. And they think they can raise themselves up to be billionairs too. Its that belief that they can become rich like their owners that keeps most who are not stupid in the ideology game.

They know its a lie, but the undereducated or dumb who obsess about a blastocyste or gay people do not know they are being played for fools, and are willing to shoot themselves in the foot to spite their leg.

I sold my stock in June. I felt something coming when some stocks that just sort of sit there and pay dividends started to slowely lose value.
If I had not sold, I would have lost much, as it is I still did lose something in June.

I have been calling the Republicans who represent me and telling them I was concerned about the spending in Iraq off budget, the huge deficit, the no bid contracts, the subsidies for big oil and corporations. yada yada yada, the medicare bill that was a give all to big pharma by not allowing negotiating of drug prices, and most of all the jobs going going gone to the East. And all the A Hs told me was that the deficit was such a small piece of GNP and outsourcing was really creating jobs at home. LOL yea anyone who could buy that BS was either blind or ideologically insane.

And my representatives and Senators are ideologically insane or worse, they want what happened to happen.

When the tale is told likely fifty years from now it will all come out. The documents that are being vaulted will all come out. We think we know everything because we have this Internet but this was all well planned.
Someone I knew was trying to get out in the worst way but they tied him up until the crash. He was put into securities that are actually illegal to put someone in if you know their situation and mismatch them. Now they don't even have to answer to such malfeasance. It's sickening.
I am hopeful that we will all rebound. Good luck to you.
You're right, they are all full of crap.

http://www.huffingtonpost.com/2009/03/05/daily-shows-jon-stewart-r_n_172060.html

This is so funny. Better to laugh at it. Humor makes everything easier.

Akamaial and all. Want to laugh instead of crying over this mess.

http://www.huffingtonpost.com/2009/03/05/daily-shows-jon-stewart-r_n_172060.html

This is hilarious!!!!!!!!!!!!!!!!!!!!!!!! Better to laugh at it.

CARMALITE--- I love your straightforwardness. SO true. I never got robbed by anyone at the DMV either. Citibank, Citigroup, CITI anything are a bunch of thieves.
Credit fraud protection, Insurance if you get sick (but not TOO sick!), hidden fees that cause class action suits but they get to use the billions in the meantime. Now they are trading at a dollar a share. I would bet the freaking farm that they knew this when they were trading at $50 a share. They knew it. They know where the money is and now they get even more.
Let's all sing...the tune doesn't really matter: Oh Lichtenstein O Switzerland where all our money's hidden...Oh Grand CayMANS Oh Offshore Banks we really want you ridden...Give the money back. Give the interest back. It could not all have vanished. Hail to thee O Citibank...And may your stink be banished!
Throw the bums out dammit!

Privateer,
Yea they did know it. You are right on target! They took all the people who had invested their hard earned money in those banks. Got their bonuses and took the investors to the cleaners.

BTW Canada's banking system is doing great. LOL Yea and the reason is that it is well regulated and the instruments like Credit Default SWaps and others are well regulated and their leverage amounts are too.

And some of the same crooks who ripped us off are still saying that regulation is the problem. LOL If anyone can buy that, I have a great ocean front lot in
Tennessee for sale.

Puts it in perspective...

haha.

Should the nation buy all citi's ATMs?

As privatized sub-contractors we could lease them back to citi at $1.51 per second\per unit.

Isn't that what privatization accomplishes?

More fees, more structure, more middlemen, to accomplish less?

This buy-in venture looks to me like giving just enough rope to people too greedy and stupid to resist...

People so blind and narcissistic that they will prove (to the public and investors both) that for banking to recover requires that they be removed as the problem's main source. A prospect I think we all agree is overdue.

Anybody disagree?

I think you are confusing privatization and beauracracy, but other than that, no we don't.

Confusing "Privatization and Bureaucracy"?

The approved fantasy for the last 30 years among the neo-con, neo-liberal, and libertarian soothsayers has been quite simple.

Their logic tells them that Bureaucracy is ultra expensive and, where final costs are concerned, grossly irresponsible - compared with the astute and cost\benefit ruthlessness of the private sector.

Ergo, compared to media, banking, housing, energy, pharmaceutical, and Wall Street wazoos - those uber-models of efficiency and prudence - government clerks enforcing government policy were dolts and would wreck the economy forever by regulating those paragons of virtue we now seek to imprison forever.

Set our heroes free! So we did. Big time.

As long as the eagerly advocated new system wasn't actually in place to be measured as dysfunctional, the fantasy of deregulation and privatization of government work was plausible.

Is it still so now? Or did the "best" brains (supposedly) that money could buy, in fact run the economy off a cliff?

Were these the same heroes whose earnings soared while their companies crashed? Did they revoke the belief that CEO's, auditors, regulators (like pilots and ship's captains) were supposed to go down with their ships? Maybe they forgot they were in charge of more than plundering the enterprise.

But there it was. The more a company lost, the more the top brass skimmed to their exclusive benefit..This wasn't isolated, this was continent-wide.

"More fees, more structure, more middlemen, to accomplish less?"

That my friend was military privatization - mercenaries in Iraq making $250,000 (in 3-6 months) for less dangerous work and far more perks than the average grunt will ever see after stop-loss.. This is cost effective?

Billions of cash on skids somehow "lost" but magically deemed too trivial an amount to bother recovering from privatized no-bid contractors? This is a better system. Poisoning troops with bad food and bad water? This was professional resource management? Or profit uber alles?

That's the raw reality of it, not the rosy alternative so many bought before it fleeced us and put us all in the dumpster..