Citigroup wants another bailout

Citigroup wants another bailout

Posted in the Joliet Forum

Astronaut Yellowhammer

Palos Hills, IL

#1 Nov 26, 2013
Citigroup of the the worst banks in the entire financial crisis fiasco has written its own bill to make another bailout more likely-and is pressuring Congress to pass it!

Citigroup recieved 467.2 Billion dollars during the financial crisis.

Citigroup lobbyists wrote 70 out of 85 lines of the "Swaps Regulatory Improvement Act" (HR 992) which would gut crucial parts of the Dodd-Frank law meant to protect taxpayers from future bailouts.

Source: the other 98%
Mike

Chicago, IL

#2 Nov 27, 2013
Looks like we get to cover the gambling losses of the big banks again. I wish someone would cover my casino losses while I get to keep my winnings. Risk-free gambling for the big banks! Thank you Congress for passing this.

Hopefully, the Senate will defeat it, or the President will veto it, but I doubt it. Big banks have lots of bribe money.
Unincorporated

New Lenox, IL

#3 Nov 27, 2013
Ok. What are you going to do about it except whine on topix? Write your congressman, email him, call him? No, you're lazy like the rest. After Congress had voted down TARP, the Dow dropped like a thousand. Paulson and Bernanke got them in a room and told them tanks would be in the streets if they didn't pass it. They revoted and it passed on a Wednesday I think. The Dow rallied a thousand. Meanwhile Bernanke and company had written into the bill that they could do whatever they pleased with the money and didn't have to notify congress. They then gave the money to the banks to prop up their balance sheets and give out bonuses. The calls were 2 or 3 to 1 against the passage of this bill and it still passed. Feel cheated yet? You should. Zerocare is about to do the tattooing after the screwing. Wait until next year when the employer mandate kicks in and you lose your insurance because you are not covered for pregnancy, even though you are male. Until these folks are hanged from the nearest streetpole, there will be no recovery. Follow the money, it is always the answer.
Mike

Chicago, IL

#4 Nov 27, 2013
Unincorporated wrote:
Follow the money, it is always the answer.
Couldn't agree more.
Professor

Mokena, IL

#5 Nov 27, 2013
Astronaut Yellowhammer wrote:
Citigroup of the the worst banks in the entire financial crisis fiasco has written its own bill to make another bailout more likely-and is pressuring Congress to pass it!
Citigroup recieved 467.2 Billion dollars during the financial crisis.
Citigroup lobbyists wrote 70 out of 85 lines of the "Swaps Regulatory Improvement Act" (HR 992) which would gut crucial parts of the Dodd-Frank law meant to protect taxpayers from future bailouts.
Source: the other 98%
Obama saved GM & Detroit? Isn't that why you voted for him? Let him save Citigroup now too! LOL!
Unincorporated

New Lenox, IL

#6 Nov 27, 2013
We have never climbed out of the depression caused by the overheated housing sector. That is a what the low interest rate and printing money is supposed to ignite again. The Fed screams they want to get the housing market restarted. What the hell do they mean by that? Do they mean that they want hairdressers buying $500,000 homes with phony docs? Do they mean they want people flipping homes again? They have made everything go up in price except the thing they wanted, houses. Stocks, groceries, gasoline, raw materials, all are higher because of the devaluation of our dollar. The Fed now owns more of our debt than anyone. Including China. Who is the Fed? They are a shadowy banking conglomerate that answers to no one. Not the Federal Government or voters. They set interest rates according to their whim. They can bring us financial ruin in a few short decades. In fact they have. Rant off.
Unincorporated

New Lenox, IL

#7 Nov 27, 2013
From Zerohedge;

A zombie government armed with accounting tricks has bailed out a zombie banking industry using even more financial phoniness. A few numbers pushed here and there, and the industry is earning record profits. But out in the real world where people live and work, things aren't so rosy. Zombies make negligent landlords and dangerous neighbors. Be careful out there folks.
Astronaut Yellowhammer

Palos Hills, IL

#8 Dec 9, 2013
Professor wrote:
<quoted text>
Obama saved GM & Detroit? Isn't that why you voted for him? Let him save Citigroup now too! LOL!
I voted for him because Mitt Romney is Ccrporate America's best friend!
Professor

Mokena, IL

#9 Dec 9, 2013
Astronaut Yellowhammer wrote:
<quoted text>
I voted for him because Mitt Romney is Ccrporate America's best friend!
News Flash!!!!! Obama saved GM!!!!!!! Bailed them out with our tax dollars!!!!!! Obama Hired GE CEO as his job czar......GE pays no corporate taxes!!!!!! Obamacare......Forcing Americans to purchase insurance from the evil insurance companies.....driving their profits through the roof!!!!!!!!

Obama......A Friend of Corporate America!

WAKE UP DUMMY!
Astronaut Yellowhammer

Palos Hills, IL

#10 Dec 10, 2013
NEWS FLASH, I already told you I thought Obama was about half a Corportist. Cant you remember from one week to the next Maroon?
Professor

Mokena, IL

#11 Dec 10, 2013
Astronaut Yellowhammer wrote:
NEWS FLASH, I already told you I thought Obama was about half a Corportist. Cant you remember from one week to the next Maroon?
My memory is better than your spelling! How would you remember anything without a brain you Maroon? Hahaha!
Astronaut Yellowhammer

New Lenox, IL

#12 Dec 10, 2013
Professor wrote:
<quoted text>
Obama saved GM & Detroit? Isn't that why you voted for him? Let him save Citigroup now too! LOL!
GM bailout produces a windfall for US taxpayers
source: Daily Kos 1/9/13
Liberty

Chicago, IL

#13 Dec 12, 2013
Astronaut Yellowhammer wrote:
Citigroup of the the worst banks in the entire financial crisis fiasco has written its own bill to make another bailout more likely-and is pressuring Congress to pass it!
Citigroup recieved 467.2 Billion dollars during the financial crisis.
Citigroup lobbyists wrote 70 out of 85 lines of the "Swaps Regulatory Improvement Act" (HR 992) which would gut crucial parts of the Dodd-Frank law meant to protect taxpayers from future bailouts.
Source: the other 98%
I have read the bill summary and do not understand what you mean by "gut" and how this will lead to more bailouts? Please explain the bill to me. I'm being quite serious, I just dont see it. Maybe I'm missing something and your explanation of the bill could help us all.
Unincorporated

New Lenox, IL

#14 Dec 12, 2013
Good friggin luck with this, Liberty. This guy can't tie his own shoes. Has to wear slip ons. Look at his ISP. It's the Manteno Mental Institution.
Astronaut Yellowhammer

Palos Hills, IL

#15 Dec 12, 2013
When one can't argue with facts. They can only attack!
Astronaut Yellowhammer

Palos Hills, IL

#16 Dec 12, 2013
Liberty wrote:
<quoted text>
I have read the bill summary and do not understand what you mean by "gut" and how this will lead to more bailouts? Please explain the bill to me. I'm being quite serious, I just dont see it. Maybe I'm missing something and your explanation of the bill could help us all.
Read the whole bill!
Unincorporated

New Lenox, IL

#17 Dec 12, 2013
Astronaut Yellowstripe more like it.
Liberty

Chicago, IL

#18 Dec 12, 2013
Unincorporated wrote:
Astronaut Yellowstripe more like it.
I did. Im learning that when you post, you really dont know what the legislation says. I think you are repeating what you see on the web

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