Big Al45

Financial Firms Need to Control Their PR

Citi already had 5 corporate jets, so the new jet was just a more luxurious upgrade. Bandit won't be taking commercial flights anytime soon. At least not until after the FDIC is finally forced to put Citi into receivership.

PS Given the recent unpleasantness, I'm surprised "Dear John Thain" hasn't chosen a new alias. If Cuomo has his way, maybe the new alias could be "Dear Prisoner Number ????" Or perhaps "The blogger formerly known as Dear John Thain"

Are TARP Participants Safe Investments?

And don't forget the CDS boulder that's hanging over the entire financial system. The FED's refusal to force existing derivatives onto a publically traded platform is criminal.

Personally, I don't think any bank is safe except maybe Goldman Sachs. Since they run the FED, they will be the last to fail.