Comments for The Secret Plan for Citigroup »
Posted By Progressive 5 months, 4 weeks ago in Business & FinanceWhy won't the government put Citi out of its misery and let it fail? Sources tell Charlie Gasparino the Feds have a new strategy to leave the bank in a coma.
Read Full Story at thedailybeast.com »
RSS Join the Discussion
+ Add CommentComments So Far: 7
-
100%
hyperbola5 months, 4 weeks ago
This comment is below the standard viewing threshold View It »
The Obama administration is as much under the thumb of Goldman Sachs as the Bush administration. For the economy and "finances",there is very little difference between Obama/Summers/Geitner and Bush/Paulson/Greenspan - all comes from a very select little self-appointed club. They will do with Citi whatever Goldman Sachs thinks best.
Reply
The Great American Bubble Machine
Matt Taibbi on how Goldman Sachs has engineered every major market manipulation since the Great Depression
In Rolling Stone Issue 1082-83, Matt Taibbi takes on "the Wall Street Bubble Mafia" — investment bank Goldman Sachs. The piece has generated controversy, with Goldman Sachs firing back that Taibbi's piece is "an hysterical compilation of conspiracy theories" and a spokesman adding, "We reject the assertion that we are inflators of bubbles and profiteers in busts, and we are painfully conscious of the importance in being a force for good." Taibbi shot back: "Goldman has its alumni pushing its views from the pulpit of the U.S. Treasury, the NYSE, the World Bank, and numerous other important posts; it also has former players fronting major TV shows. They have the ear of the president if they want it." Here, now, are excerpts from Matt Taibbi's piece and video of Taibbi exploring the key issues.
http://www.rollingstone.com/politics/story/2881632...-
100%
Progressive5 months, 4 weeks ago
This comment is below the standard viewing threshold View It »
This was submitted by deathray six days ago.
Reply
http://www.propeller.com/story/2009/07/03/the-grea...
-
-
100%
Progressive5 months, 4 weeks ago
This comment is below the standard viewing threshold View It »
FTA:
Reply
I can understand the feds’ logic even if I don’t agree with it. The billions of guarantees, direct cash infusions, and stock jammed into Citigroup since the dark days of the financial crisis last fall seems to have taken a major worry off the table--Citigroup’s implosion, which with its nearly $1 trillion in deposits and a balance sheet bigger than many governments, would have set off a global bank run of immense proportions. -
JerrySmithRulesComment removed: Hard Banned1 Reply
-
100%
nostalgia5 months, 3 weeks ago
This comment is below the standard viewing threshold View It »
If you haven't read this story in the NYT from April, you will find it very interesting
Reply
Geithner, Member and Overseer of Finance Club
http://www.nytimes.com/2009/04/27/business/27geith...
I would add that Paulson was a member of the same club - don't forget that Paulson was CEO of Goldman Sachs at one time
loading ...
Add a Comment
Sign In With Your Propeller Account
Please keep your comments relevant to this story.
To create a live link, simply type the URL (including http://) or email address and we will make it a live link for you. You can put up to 3 URLs in your comments. Line breaks and paragraphs are automatically converted — no need to use <p> or <br /> tags.