Michael Shedlock: Citigroup Begs To Be 40% Nationalized
• Michael Shedlock / MishCitigroup is a black hole, sucking in every dollar thrown at it and it still wants more. No amount seems enough to save it. Taxpayers have already guaranteed a whopping $300 billion dollars worth of Citigroup debt. Now, two months later...
In effect they are lobbying the government to use your stolen earnings to purchase a failed bank at a plum price rather than faced being tossed onto the auction pile for recycling. Better severance packages this way.