Monday, November 24, 2008

Citigroup Bailout evidence of corruption?

A while back the US Government was forcing a marriage between Wachovia, and Citigroup, just a month or so ago as a matter of fact.

In that forced merger which failed, the Government was collapsing Wachovia and throwing in a bunch of cash, defrauding Wachovia's shareholders of any return and giving the assets of Wachovia to Citgroup along with a dollop of Taxpayer Cash.

Now it appears Citigroup was as sick as Wachovia, if not more so. Think about it. This means Citi was in trouble and the Government was REALLY going to bail THEM out. That money never would have come back.

That, is corruption.

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