Posted on 11/30/2009 6:45:01 AM PST by Vince Ferrer
$1 million for helping to doom the company. What a concept.
Saudi Prince Alwaleed bin Talal is CITI’s largest shareholder. Does anyone think this little item isn’t relevant to the news of this “loan?”
Maybe preventing $8 billion from disappearing off Citi’s balance sheet through defaults, and thus disappearing off the net worth of Americans who hold Citi’s bonds and stock, and the stock of all the other companies whose stock values would drop if Citi took that kind of hit. Yes, a lot of it is accounting games, but they end up having an effect on concrete reality.
You beat me to it. One has to wonder what was going through their heads at CITI. I mean $8 billion is only chump change to Obama. Even to CITI loaning that much money to a foreign company had to be viewed as very high risk. I'm betting that the interest rate offered was just too juicy to pass up. To bad about that principle that is now down the drain. And even the Dems are mad at you. Life is tough.
Let's find out who they were, seize every piece of property they own then march their sorry asses to the guillotine as an example to the crew waiting in the wings to screw us all again.
Citi didn’t lose $8 Billion dollars, AMERICA did.
So can we put Citi up there with the Freepers that wail on welfare moms buying steak with food stamps? Doesn’t seem much different to me. Both are blowing tax money.
“A Citibank official was quoted at the time as saying the $8 billion came from the bank’s own funds and third party sources. The report was released as the committee prepares to question banking chiefs about their use of bail-out funds.”
If they $8 BILLION to invest in a foreign government, then why did they need our $25 Billion?
History books are going to show this as the greatest heist of all time.
Not to worry. The international financial oligarchs have a plan. /with their heads
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.