Guys you're not getting his point. If you don't like what Citigroup's doing, don't go there. Meanwhile, government spends your money while there is NO way to remove a publicly elected official THAT'S THE INJUSTICE
I get his point.
Here is my point. If we were a free market economy Citigroup wouldn't even be around today along with GS and BA, to name a few.
These big banks get virtually free money from the Federal Reserve and loan it to the Federal Government at virtually no risk, picking the pockets of the US taxpayer in the process.
You would have to be a fool not to be able to make a killing with the billions loaned to the federal government on a deal like that! Not so fast, these idiots leveraged themselves so heavily in the name of unbridled greed, backed in part by the FDIC, that when the economy finally tanked, the big banks almost went under.
Good thing the American Taxpayer was there to make everything OK while they continued to pay out big executive bonuses despite their stupidity. Just a few years removed and they are giving away millions yet again by taking advantage of the US Taxpayer and their sweet hookup via the FR and FG.
We do not have a free market system.
Please stop defending a crony capitalistic system that is threatening the long term survival of the United States.