User 313794

Another Citigroup Scandal: Business as Usual for Wall Street

Does this guy really look like someone you would take financial advice from? And in case no one mentiond it yet - nice doo.

Let's Keep Big Banks from Ruining America Forever

An interesting point of view from a socialist who objects to the head of a major corporation telling the employees - over 300,000 strong that each and every employee was not responsible for the decisions and greed of a few. Does anyone really think that more than one half of one percent of these employees had any input into strategic decisions that shaped the direction of not only Citi but most Financial Institutions over the past 10 years? Where was all of this hatred and outrage when the author and most of the bloggers here went to their bank and applied for a car loan or mortgage? Think of how outraged these same people would have been had they been turned down! The outrage is that no one is willing to accept the truth, we - the people of the United States - created the monster which almost devoured the country - not each and every employee at Wells, Goldman or Citi – but you the people who want generous benefits, want to be paid the highest salaries, make their fortunes quickly and easily rather than working hard and saving, they are the ones to blame. And do not blame the Financial Institutions or the employees of said Institutions when 10 years down the road - thanks to the Democratic Socialist Machine - the United States is so far in debt it turns into a third world country. Thank the folks who are now screaming off with their heads - start with the folks who commented on this article and then your elected officials the Communist Party of the Socialist Republic of the United States. You are the ones who will ultimately destroy America – so have your fun now comrades – your time will come – soon!

GM: More Bailout-Worthy than Citigroup

Unless I misunderstand Mr. Hutchinson's position - Citi should fail and GM should survive. Citi should fail because it loaned money to people who can no longer repay their debts and because the economy has turned upside down, GM should survive because when their workers are furloughed they receive 95% pay for doing nothing and because the American Automotive industry refused to produce fuel efficient cost effective cars for sale in the United States. How about this, the government limit the sale of imports as is done in other countries (especially Japan) so that American car makers can increase their sales. At the same time how about Fannie Mae and Freddie Mac get off their keesters and help refinance high rate loans with lower rate / longer term fixed loan products. Then Citi could loan GM the money and everyone survives. As for the position of Mr. Hutchinson, he should serve two tours in Iraq just to help clear his mind.