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Citigroup (C : CITIGROUP INC.) tells FOX Business that the 11,000 job cuts announced today -- 4% of its workforce -- won’t be the end of layoffs at the nation’s third-largest bank by assets, deemed "too big to fail" by the U.S. government.

Obamanomics : unemployment is our business.

1 posted on 12/05/2012 9:25:25 AM PST by mykroar
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To: mykroar

I cannot wait to see the unemployment rates. I’m going to laugh my fat ass off when they report it went down. You KNOW it’s coming.


2 posted on 12/05/2012 9:31:10 AM PST by rarestia (It's time to water the Tree of Liberty.)
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To: mykroar
The Citi exec adds: ”We need to rationalize our operation -- it’s one of the most top-heavy, bureaucratic organizations. Too many middle managers, too many layers.”

He should be POTUS.................

3 posted on 12/05/2012 9:31:51 AM PST by Red Badger (Lincoln freed the slaves. Obama just got them ALL back......................)
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To: mykroar

Looks like Citi ran out of TARP money to gamble with, or, more than likely, the loot has been divided up and they’re back with hat in hand to ask for more, like any other shakedown or looting.


4 posted on 12/05/2012 9:38:43 AM PST by factoryrat (We are the producers, the creators. Grow it, mine it, build it.)
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