Skip to comments.U.S. gave up billions in tax money in deal for Citigroup's bailout repayment
Posted on 12/15/2009 7:02:14 PM PST by Bokababe
Deal made to recover bailout Firms exempted from rule when U.S. sells its stake
(Excerpt) Read more at washingtonpost.com ...
The list, ping
At the tone, leave a whimper.
Thats not all you know the $25 Billion they supposedly paid back well not true.
Citi doesn’t have to “pay back” the remaining $25 billion. The government converted $25 billion of preferred stock into Citi common at a little over $3/share for the common (when it was trading at less than half that). The government now intends to sell its Citi shares over the next 6-12 months. It may come to more or less than $25 billion but Citi isn’t on the hook for a shortfall if there is one.
Sweet deal were stuck with their toxic crap and they get huge bonus’s and
Just look at the timeline of the Citigroup deal,” says one leading Democratic consultant. “Just look at it.
Much more in that article about citigroup
and yes I know someone will come along and they citigroup and citibank are different if you count being a different division under the same umbrella as different I don’t.
Citibank Top Donor to Obama Inauguration
I do believe somebody will end up going to jail AFTER the Republicans take over the government.
I hope so back in the 80’s when there was that savings and loan debacle there was prosecutions someone posted an article earlier about that
Didn’t Obama just say he didn’t become President so that he could bail out the “fat cat bankers” on wall st.?
You get it as a matter of principle. There is no such thing as government money. It's OUR money that we put our neighbors in charge of.
There is more to this story than the populist torches and pitchforks story WaPo is reporting. And I'm no fan of either.
check this out
One of the bankers came out and said his meeting was a pr stunt...
“It’s a p.r. stunt,” says an executive at one of the banks that will be getting a dressing-down at the White House meeting. Executives from Goldman Sachs, JPMorgan Chase, Bank of America and Wells Fargo are expected to be among those in attendance.
What are the chances that millions of "Joe the Plumber" types will now start working for cash under the table as much as they can?
And even if they did get $25B for it, it would remain as part of the TARP/Dem slush fund until they decide what to do with it.
It's a nasty brew of greed, corruption, fraud, and fascism.
A little off the subject, but this came to mind when I read your post:
I’m seeing a future where doctors are working under the table for cash from patients who can’t afford healthcare, and are afraid of going to jail if they get busted, and the doctors themselves are sick and tired of all the government paperwork and red tape if HCR passes.
You’d be surprised at how many Americans (even those in COLLEGE) don’t even understand that simple fact (that the gov’t produces no money of it’s own and takes from us for everything they fund).
Did anyone actually think we’d see these funds back? I know I was told by a lot here to “trust”, support the bailouts & such, and that we’d get back our money with interest... I wonder where those same folks are now?
Doctors will be too afraid of getting their license yanked by the AMA to work “under the table”, otherwise we’d see a lot more of that sort of thing in Canada.
But then again..the Canadian health system is only half as bad as Obamascare.
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.