1. Welcome to Baptist Board, a friendly forum to discuss the Baptist Faith in a friendly surrounding.

    Your voice is missing! You will need to register to get access to all the features that our community has to offer.

    We hope to see you as a part of our community soon and God Bless!

Meet Your Newest Legislator: Citigroup

Discussion in 'Political Debate & Discussion' started by poncho, May 13, 2015.

  1. poncho

    poncho Well-Known Member

    Joined:
    Mar 30, 2004
    Messages:
    19,657
    Likes Received:
    128
    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 Well-Known Member
    Site Supporter

    Joined:
    Oct 14, 2007
    Messages:
    11,154
    Likes Received:
    242
    Faith:
    Baptist
    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 Well-Known Member

    Joined:
    Mar 30, 2004
    Messages:
    19,657
    Likes Received:
    128
    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.
     
Loading...