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Rep. Alan Grayson Chews Up Citigroup CEO

submitted by demon_ix

1 decade 5 years 1 month 3 weeks ago

Sounds like the US government is already selling insurance. Just not to the public.

8 Comments

Of course they don't sell to the public. We haven't contributed enough ~~bribes~~ campaign donations to get their attention.

So this is the fed audit?

bmacs27 says...

>> ^Stormsinger:
Of course they don't sell to the public. We haven't contributed enough ~~bribes~~ campaign donations to get their attention.

Honestly, I think we're way beyond that. If Citi failed, the chaos that would ensue is already risk on the public balance sheet. It's called systematic risk.

Now I do appreciate that Grayson is trying to follow the money. I think it ought to be public information what lies on public balance sheets.

>> ^GeeSussFreeK:
So this is the fed audit?

More like a share holders conference I guess...

I'm liking Greyson more and more each day.

Per Mr. Greyson's words. That Citigroup gains 100% of profit if toxic assets sell well, but us US citizens get 90% debt, if those assets fail. Where can I get a deal like THAT for my student loans? Or my House? Or my car? Or me?!?!?!?!?

^ I believe the current requirement is that your financial collapse will inevitably lead to a greatly diminished campaign contribution volume for a majority of the members of the US house of representatives.

*news

Adding video to channels (News) - requested by NetRunner.

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