Meet Your Newest Legislator: Citigroup

Discussion in 'Politics' started by poncho, May 13, 2015.

  1. poncho

    poncho
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    Citigroup is the Wall Street mega bank that forced the repeal of the Glass-Steagall Act in 1999; blew itself up as a result of the repeal in 2008; was propped back up with the largest taxpayer bailout in the history of the world even though it was insolvent and didn’t qualify for a bailout; has now written its own legislation to de-regulate itself; got the President of the United States to lobby for its passage; and received an up vote from both houses of Congress in less than a week.

    And there is one more thing you should know at the outset about Citigroup: it didn’t just have a hand in bringing the country to its knees in 2008; it was a key participant in the 1929 collapse under the moniker National City Bank. Both the U.S. Senate’s investigation of the collapse of the financial system in 1929 and the Financial Crisis Inquiry Commission (FCIC) that investigated the 2008 collapse cited this bank as a key culprit.

    The FCIC wrote:

    Continue . . . http://wallstreetonparade.com/2014/12/meet-your-newest-legislator-citigroup/
     
  2. righteousdude2

    righteousdude2
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    Hey, they paid for that postion, Ponch, so what is the problem? We all know that it takes money to get into politics, and CITIgroup certainly has the money! :smilewinkgrin:
     
  3. poncho

    poncho
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    No problem at all if one can fool himself into believing government is at the top of power structure.

    According to the bible (see signature line) this is an erroneous belief but you know . . . consensus demands obedience.
     

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