January 20, 2010
The Facts
Yesterday Citigroup reported its profits (in this case, losses) for the final quarter of 2009. They lost $7.6 billion. That brings them to a total loss of $1.6 billion for 2009. But that’s not stopping them from handing out more mega-bonuses, although they’re still not able to pay all of the TARP [...]
Entries Tagged as 'Citigroup'
Citigroup And Bonuses – More Rewards For Failure
January 20th, 2010 · No Comments · Big Business
Citigroup’s $300 Billion Taxpayer-Guaranteed Loans – Videos
December 14th, 2009 · No Comments · Wall Street
These guarantees by the FDIC, using taxpayer money, seems to be a subject that everyone wants running under the radar. The only money regularly talked about is the TARP money, and how Citigroup is “paying-it-back”!
Besides The Obvious, What Does Goldman Sachs, J.P. Morgan Chase And Citigroup Have In Common?
October 11th, 2009 · 1 Comment · Wall Street
Is it any wonder the rest of the civilized world see’s us as simply a corrupt nation who will stop at nothing to keep our elitist wealthy and in power?
Tags: Citigroup·Department of the Treasury·Goldman Sachs·Henry Paulson·JPMorgan Chase·Tim Geithner
Do You Know Who Andrew J. Hall Is?
July 30th, 2009 · No Comments · Wall Street
Ahhhh, the pleasure’s enjoyed from free taxpayer money! A $100 million will buy a lot.
Tags: Andrew J. Hall·Citigroup·Energy Traders·Oil Speculators·Pay Packages & Bonuses·Phibro·Wall Street
Shareholders Complain About CEO’s And Their Pay
June 4th, 2009 · No Comments · Wall Street
Pandit offered no apology for his good fortune as CEO while the shareholders lost nearly everything they had.
Tags: American Express·Banks & Bank Failures·Citigroup·Goldman Sachs·Kenneth Chenault·Lloyd Blankfein·Pay Packages & Bonuses·Vikram Pandit
Poor, Poor Citigroup – Back With Hat-In-Hand! Again
February 25th, 2009 · No Comments · Wall Street
anytime billions of dollars of free money is handed over to a publically traded company the price of their stock is going to shoot up. Then Wall Street is all smiles and the business channels, CNBC and Fox Business News, are clapping their hands and saying “see, I told you it would work”. However, the next day this “proof of success” has vanished and the tumble begins again until the next train load of money is hauled in.
Tags: Banks & Bank Failures·Citigroup·Financial Bailout·Wall Street
Random Thoughts on Other Notable Headlines of the Day — Issue XXIV
June 7th, 2009 · No Comments · Random Thoughts
How does a politician flim-flam the public and help his corporate friends at the same time? Easy! In some cases, they can “delete a single word and insert two others in a bill”.
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Tags: Cap and Trade·Citigroup·CNBC·Dr. George Tiller·Gene Green·Jobless Claims·Mary Schapiro·Private William Long·Random Comments of the Day·Recessions & Depressions·SEC·Unemployment