U.S. to Take Big Citi Stake and Overhaul the Board [Nationalized!]

The Wall Street Journal ^ | 2009-02-27

[rwfromkansas]

I should add with the government’s demands, this is effectively nationalization even with less than 50 percent ownership.

Really frightening.

[rintense]

Yep. Citi will become the ‘public’ financial backbone of all the force income mortgages ACORN will push, and the BoD will be a bunch of ex-gov’t socialists.

[Kansas58]

Charles Johnston (Citigroup Global Markets/Chief Exec), (Zip code: 60010) $208 to CITIGROUP INC. POLITICAL ACTION COMMITTEE-FEDERAL (CITIGROUP PAC-FEDERAL) on 10/13/06
Charles Johnston (Citigroup Global Markets/Chief Exec), (Zip code: 60010) $208 to CITIGROUP INC. POLITICAL ACTION COMMITTEE-FEDERAL (CITIGROUP PAC-FEDERAL) on 10/31/06
Charles Johnston (Citigroup Global Markets/Chief Exec), (Zip code: 60010) $208 to CITIGROUP INC. POLITICAL ACTION COMMITTEE-FEDERAL (CITIGROUP PAC-FEDERAL) on 11/15/06
Charles Johnston (Smith Barney/Senior Executive Vice), (Zip code: 60010) $208 to CITIGROUP INC. POLITICAL ACTION COMMITTEE-FEDERAL (CITIGROUP PAC-FEDERAL) on 09/15/05
Charles Johnston (Smith Barney/Senior Executive Vice), (Zip code: 60010) $208 to CITIGROUP INC. POLITICAL ACTION COMMITTEE-FEDERAL (CITIGROUP PAC-FEDERAL) on 09/30/05
Charles Johnston (Citigroup Global Markets/Chief Exec), (Zip code: 60010) $208 to CITIGROUP INC. POLITICAL ACTION COMMITTEE-FEDERAL (CITIGROUP PAC-FEDERAL) on 09/15/06
Charles Johnston (Citigroup Global Markets/Chief Exec), (Zip code: 60010) $208 to CITIGROUP INC. POLITICAL ACTION COMMITTEE-FEDERAL (CITIGROUP PAC-FEDERAL) on 09/30/06
Charles Johnston (Smith Barney/Senior Executive Vice), (Zip code: 60010) $208 to CITIGROUP INC. POLITICAL ACTION COMMITTEE-FEDERAL (CITIGROUP PAC-FEDERAL) on 10/15/05
Charles Johnston (Smith Barney/Senior Executive Vice), (Zip code: 60010) $208 to CITIGROUP INC. POLITICAL ACTION COMMITTEE-FEDERAL (CITIGROUP PAC-FEDERAL) on 10/31/05
Charles Johnston (Smith Barney/Senior Executive Vice), (Zip code: 60010) $208 to CITIGROUP INC. POLITICAL ACTION COMMITTEE-FEDERAL (CITIGROUP PAC-FEDERAL) on 11/15/05
Charles Johnston (Smith Barney/Senior Executive Vice), (Zip code: 60010) $208 to CITIGROUP INC. POLITICAL ACTION COMMITTEE-FEDERAL (CITIGROUP PAC-FEDERAL) on 11/30/05
Charles Johnston (CITIGROUP GLOBAL MARKETS/Senior Exe), (Zip code: 60010) $208 to CITIGROUP INC. POLITICAL ACTION COMMITTEE-FEDERAL (CITIGROUP PAC-FEDERAL) on 01/14/05
Charles Johnston (CITIGROUP GLOBAL MARKETS/Senior Exe), (Zip code: 60010) $208 to CITIGROUP INC. POLITICAL ACTION COMMITTEE-FEDERAL (CITIGROUP PAC-FEDERAL) on 01/31/05
Charles Johnston (Smith Barney/Sr. Executive Vice Pre), (Zip code: 60010) $208 to CITIGROUP INC. POLITICAL ACTION COMMITTEE-FEDERAL (CITIGROUP PAC-FEDERAL) on 01/13/06
Charles Johnston (Smith Barney/Sr. Executive Vice Pre), (Zip code: 60010) $208 to CITIGROUP INC. POLITICAL ACTION COMMITTEE-FEDERAL (CITIGROUP PAC-FEDERAL) on 01/31/06
Charles Johnston (CITIGROUP GLOBAL MARKETS/Senior Exe), (Zip code: 60010) $208 to CITIGROUP INC. POLITICAL ACTION COMMITTEE-FEDERAL (CITIGROUP PAC-FEDERAL) on 02/15/05
Charles Johnston (CITIGROUP GLOBAL MARKETS/Senior Exe), (Zip code: 60010) $208 to CITIGROUP INC. POLITICAL ACTION COMMITTEE-FEDERAL (CITIGROUP PAC-FEDERAL) on 02/28/05
Charles Johnston (Smith Barney/Sr. Executive Vice Pre), (Zip code: 60010) $208 to CITIGROUP INC. POLITICAL ACTION COMMITTEE-FEDERAL (CITIGROUP PAC-FEDERAL) on 02/15/06
Charles Johnston (Smith Barney/Sr. Executive Vice Pre), (Zip code: 60010) $208 to CITIGROUP INC. POLITICAL ACTION COMMITTEE-FEDERAL (CITIGROUP PAC-FEDERAL) on 02/28/06
Charles Johnston (CITIGROUP GLOBAL MARKETS/Senior Exe), (Zip code: 60010) $208 to CITIGROUP INC. POLITICAL ACTION COMMITTEE-FEDERAL (CITIGROUP PAC-FEDERAL) on 03/15/05
Charles Johnston (CITIGROUP GLOBAL MARKETS/Senior Exe), (Zip code: 60010) $208 to CITIGROUP INC. POLITICAL ACTION COMMITTEE-FEDERAL (CITIGROUP PAC-FEDERAL) on 03/31/05
Charles Johnston (Smith Barney/Sr. Executive Vice Pre), (Zip code: 60010) $208 to CITIGROUP INC. POLITICAL ACTION COMMITTEE-FEDERAL (CITIGROUP PAC-FEDERAL) on 03/15/06
Charles Johnston (Smith Barney/Sr. Executive Vice Pre), (Zip code: 60010) $208 to CITIGROUP INC. POLITICAL ACTION COMMITTEE-FEDERAL (CITIGROUP PAC-FEDERAL) on 03/31/06
Charles Johnston (CITIGROUP GLOBAL MARKETS/Senior Exe), (Zip code: 60010) $208 to CITIGROUP INC. POLITICAL ACTION COMMITTEE-FEDERAL (CITIGROUP PAC-FEDERAL) on 04/15/05
Charles Johnston (CITIGROUP GLOBAL MARKETS/Senior Exe), (Zip code: 60010) $208 to CITIGROUP INC. POLITICAL ACTION COMMITTEE-FEDERAL (CITIGROUP PAC-FEDERAL) on 04/29/05
Charles Johnston (Citigroup Global Markets/Chief Exec), (Zip code: 60010) $208 to CITIGROUP INC. POLITICAL ACTION COMMITTEE-FEDERAL (CITIGROUP PAC-FEDERAL) on 04/14/06
Charles Johnston (Citigroup Global Markets/Chief Exec), (Zip code: 60010) $208 to CITIGROUP INC. POLITICAL ACTION COMMITTEE-FEDERAL (CITIGROUP PAC-FEDERAL) on 04/28/06
Charles Johnston (CITIGROUP GLOBAL MARKETS/Senior Exe), (Zip code: 60010) $208 to CITIGROUP INC. POLITICAL ACTION COMMITTEE-FEDERAL (CITIGROUP PAC-FEDERAL) on 05/13/05
Charles Johnston (CITIGROUP GLOBAL MARKETS/Senior Exe), (Zip code: 60010) $208 to CITIGROUP INC. POLITICAL ACTION COMMITTEE-FEDERAL (CITIGROUP PAC-FEDERAL) on 05/31/05
Charles Johnston (Citigroup Global Markets/Chief Exec), (Zip code: 60010) $208 to CITIGROUP INC. POLITICAL ACTION COMMITTEE-FEDERAL (CITIGROUP PAC-FEDERAL) on 05/15/06
Charles Johnston (Citigroup Global Markets/Chief Exec), (Zip code: 60010) $208 to CITIGROUP INC. POLITICAL ACTION COMMITTEE-FEDERAL (CITIGROUP PAC-FEDERAL) on 05/31/06
Charles Johnston (Smith Barney/Senior Executive Vice), (Zip code: 60010) $208 to CITIGROUP INC. POLITICAL ACTION COMMITTEE-FEDERAL (CITIGROUP PAC-FEDERAL) on 06/15/05
Charles Johnston (Smith Barney/Senior Executive Vice), (Zip code: 60010) $208 to CITIGROUP INC. POLITICAL ACTION COMMITTEE-FEDERAL (CITIGROUP PAC-FEDERAL) on 06/30/05
Charles Johnston (Citigroup Global Markets/Chief Exec), (Zip code: 60010) $208 to CITIGROUP INC. POLITICAL ACTION COMMITTEE-FEDERAL (CITIGROUP PAC-FEDERAL) on 06/15/06
Charles Johnston (Citigroup Global Markets/Chief Exec), (Zip code: 60010) $208 to CITIGROUP INC. POLITICAL ACTION COMMITTEE-FEDERAL (CITIGROUP PAC-FEDERAL) on 06/30/06
Charles Johnston (Smith Barney/Senior Executive Vice), (Zip code: 60010) $208 to CITIGROUP INC. POLITICAL ACTION COMMITTEE-FEDERAL (CITIGROUP PAC-FEDERAL) on 07/15/05
Charles Johnston (Smith Barney/Senior Executive Vice), (Zip code: 60010) $208 to CITIGROUP INC. POLITICAL ACTION COMMITTEE-FEDERAL (CITIGROUP PAC-FEDERAL) on 07/29/05
Charles Johnston (Citigroup Global Markets/Chief Exec), (Zip code: 60010) $208 to CITIGROUP INC. POLITICAL ACTION COMMITTEE-FEDERAL (CITIGROUP PAC-FEDERAL) on 07/14/06
Charles Johnston (Citigroup Global Markets/Chief Exec), (Zip code: 60010) $208 to CITIGROUP INC. POLITICAL ACTION COMMITTEE-FEDERAL (CITIGROUP PAC-FEDERAL) on 07/31/06
Charles Johnston (Smith Barney/Senior Executive Vice), (Zip code: 60010) $208 to CITIGROUP INC. POLITICAL ACTION COMMITTEE-FEDERAL (CITIGROUP PAC-FEDERAL) on 08/15/05
Charles Johnston (Smith Barney/Senior Executive Vice), (Zip code: 60010) $208 to CITIGROUP INC. POLITICAL ACTION COMMITTEE-FEDERAL (CITIGROUP PAC-FEDERAL) on 08/31/05
Charles Johnston (Citigroup Global Markets/Chief Exec), (Zip code: 60010) $208 to CITIGROUP INC. POLITICAL ACTION COMMITTEE-FEDERAL (CITIGROUP PAC-FEDERAL) on 08/15/06
Charles Johnston (Citigroup Global Markets/Chief Exec), (Zip code: 60010) $208 to CITIGROUP INC. POLITICAL ACTION COMMITTEE-FEDERAL (CITIGROUP PAC-FEDERAL) on 08/31/06
Charles Johnston (Smith Barney/Sr. Executive Vice Pre), (Zip code: 60010) $208 to CITIGROUP INC. POLITICAL ACTION COMMITTEE-FEDERAL (CITIGROUP PAC-FEDERAL) on 12/15/05
Charles Johnston (Smith Barney/Sr. Executive Vice Pre), (Zip code: 60010) $208 to CITIGROUP INC. POLITICAL ACTION COMMITTEE-FEDERAL (CITIGROUP PAC-FEDERAL) on 12/30/05
Mark Hutchinson (Citigroup Global Markets/Financial), (Zip code: 60010) $5000 to CITIGROUP INC. POLITICAL ACTION COMMITTEE-FEDERAL (CITIGROUP PAC-FEDERAL) on 12/30/06
Charles Johnston (Citigroup Global Markets/Chief Exec), (Zip code: 60010) $208 to CITIGROUP INC. POLITICAL ACTION COMMITTEE-FEDERAL (CITIGROUP PAC-FEDERAL) on 11/30/06
Charles Johnston (Citigroup Global Markets/Chief Exec), (Zip code: 60010) $208 to CITIGROUP INC. POLITICAL ACTION COMMITTEE-FEDERAL (CITIGROUP PAC-FEDERAL) on 12/15/06
Charles Johnston (Citigroup Global Markets/Chief Exec), (Zip code: 60010) $208 to CITIGROUP INC. POLITICAL ACTION COMMITTEE-FEDERAL (CITIGROUP PAC-FEDERAL) on 12/29/06

Look at the Zip Codes on all of these contributions!

http://www.city-data.com/elec2/06/elec-BARRINGTON-IL-06.html

Citibank PAC gives pretty evenly to Dems and Republicans, overall, but they HEAVILY favor Democrats, in the House races:

http://www.opensecrets.org/pacs/pacgot.php?cycle=2008&cmte=C00008474

[444Flyer]

The average Obamaidiot says, “Whoopeee!!! I've always wanted to own a bank. Free lunch for everyone!

What???

You mean it doesn't work that way?...”

[KevinDavis]

I wonder who is next...

[twigs]

I don’t believe that is his birth name. IIRC, it’s his step father’s name. Not that that is important in the midst of all of these changes to fascism.

[twigs]

Byrd, regardless of what else you might think of him, is a constitutional expert. He knows what he’s seeing.

[RockinRight]

Actually I think this could be a great job for a corporate raider.

Split off the investment portion (Smith Barney etc.) and sell it off to someone like Charles Schwab.

Take the credit card division and sell it. Or sell it off in pieces for that matter.

The retail bank branches? Sell them off in regional chunks to banks that could use more branches in that area.

[Antoninus]

I think they will also start replacing executives with their hand-picked personnel, too.

Given that Citi was run by Robert Rubin not too long ago, I would suspect that there are a lot of Democrat party hacks on the board already.

[nanetteclaret]

The fact is we don’t really know what his birth certificate name is.

[Kansas58]

I think this PAC break down is very important:

http://www.opensecrets.org/pacs/sector.php?txt=F01&cycle=2008

Even if they try to say that the political contributions are evenly split between R's and D's -— the PUBLIC thinks that EVERYONE In “financial services” or “banking” or “securities” is a Democrat. Even getting the public to think it was 50/50 is a BIG political win.

And, if you get into the companies that went under, like Lehman Brothers, or Fannie and Freddie, they were heavily biased towards Democrats.

We need to pound every sitting Democrat with this stuff, since our candidates, in November 2010, probably will NOT have the same list of contributors. (because they are new to the Federal races, or because some of these PAC’s must tank, along with their sponsoring companies.)

PAC Contributions to Federal Candidates
Election cycle: 2008 2006 2004 2002 2000 1998

Total Amount: $62,389,499
Total to Democrats: $31,104,932 (50%)
Total to Republicans: $31,279,567 (50%)
Number of PACs making contributions: 466

Accountants: $5,881,972 (I think we can be proud of this)
41% to Dems / 59% to Repubs

Commercial Banks: $9,946,288
46% to Dems / 54% to Repubs

Credit Unions: $2,862,074
55% to Dems / 45% to Repubs

Finance/Credit Companies: $3,200,328
53% to Dems / 47% to Repubs

Insurance: $18,288,091
49% to Dems / 51% to Repubs

Misc Finance: $2,061,302
45% to Dems / 55% to Repubs

Real Estate: $9,951,730
54% to Dems / 46% to Repubs

Savings & Loans: $610,995
56% to Dems / 44% to Repubs

Securities & Investment: $9,586,719 (This one is telling)
55% to Dems / 45% to Repubs

Based on data released by the FEC on February 09, 2009.

[concerned about politics]

Really frightening.

Nostradamus hinted about who the Antichrist would be. He used the name "Mabus".

Mabus to advise Obama on Middle East issues

[concerned about politics]

Byrd, regardless of what else you might think of him, is a constitutional expert. He knows what he’s seeing.

Yes. Oboma is over riding the Separation of Powers and declaring himself dictator. Even a kook like Byrd sees the danger in this.

[Towed_Jumper]

“The big O can put Barney Frank in as president of Citi’s board then everything will be just fine.”

Bwaney Fwank will rename it “Citi-boink.”

[GOPJ]

But, but, but... I thought they weren’t going to nationalize the banks. A rose by any other name..

[ElkGroveDan]

Time for me to get out from under that mortgage.

[devolve]

[Miss Didi]

[livius]

I’m sure it’s stuffed with Dem functionaries or at any rate, people connected to them in some way. The mystifying thing is that a lot of bankers in general probably voted for Bambi and the Dems. I honestly don’t know what they expected to happen. Granted, he wasn’t entirely upfront about his program, but there were certainly enough slips of the tongue to alarm anybody who was listening.

[Deo volente]