On Nov 24, 10:05*am, RLM wrote:
On Mon, 24 Nov 2008 08:38:39 -0500, Wayne.B wrote:
On Mon, 24 Nov 2008 03:50:38 -0500, "Eisboch"
wrote:

Then, the Citi's chief executive officer, Vikram Pandit says, *"We
appreciate the tremendous effort by the government to assure market
stability."

Shouldn't he be thanking the American taxpayers?

Trust me on this, you really don't want Citi to fail. * It would set off
a tidal wave of additional failures that would overwhelm the FDIC and
bring world trade to a halt. *Excluding the sub-prime nonsense, their
basic business model is quite sound.

I could give a **** less if Citi Group fell on it's ass. If the ""business
model" were so good they wouldn't be where they are now and will be again
when they get a chance to walk with taxpayer monies.

Why trust crooks now?

By the way this will always remain "Bush's Crisis" no matter how many
fools try to spin it.

What everyone seems to forget is that once the feds changed the
lending rules, banks had no choice but to grant loans to people that
fell within those rules. If they tried to hold their loans to a
higher standard, lawyers and the media would have been all over them
saying they were discriminating, right? You know it.

Three guesses who who profited from it the most in government, and who
in government protected the scheme. A lot of the "ill-gotten" profits
were just used effectively in an election.

And the beat goes on...