Citigroup to get $306 Billion Bailout

Citigroup to get $306 Billion Bailout

There are 447 comments on the www.huliq.com story from Nov 24, 2008, titled Citigroup to get $306 Billion Bailout. In it, www.huliq.com reports that:

Main Street continues to suffer without help, while Wall Street continues to get billions of dollars of money thrown at it.

Join the discussion below, or Read more at www.huliq.com.

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canayo

Québec, Canada

#1 Nov 24, 2008
and don't forget the 1 billion more for the fat bonus for the CEO's

So it seem like nobody will be held responsible for this mess..

Citigroup is the 16th largest political campaign contributor, out of all organizations, according to the Center for Responsive Politics. Members of the firm have donated over $23,033,490 from 1989-2006, 49% of which went to Democrats and 51% of which went to Republicans.
Fight Fascism

Philadelphia, PA

#2 Nov 24, 2008
canayo wrote:
and don't forget the 1 billion more for the fat bonus for the CEO's
So it seem like nobody will be held responsible for this mess..
Citigroup is the 16th largest political campaign contributor, out of all organizations, according to the Center for Responsive Politics. Members of the firm have donated over $23,033,490 from 1989-2006, 49% of which went to Democrats and 51% of which went to Republicans.
You left off the most important statistic: 0 went to the working class people whom Citi has been bilking for the past umpteen years. Don't you just love laissez faire capitalism?
Lonewolf

Leesville, SC

#9 Nov 24, 2008
If they need a bailout,how were they going to buy Wachovia a couple of weeks ago?Something isn't right.I guess everyone wants to get their fingers in the till before the botttom falls out.
Mothra

Portland, OR

#10 Nov 24, 2008
"The federal government rushed to the aid of faltering banking giant Citigroup Inc. late Sunday night, agreeing to invest $20 billion more and accept the lion's share of losses on more than $300 billion worth of the firm's troubled mortgage-backed assets."
http://www.latimes.com/business/la-fi-citi24-...

Once again we see that risky mortgages are behind this bailout. When we find out who created this situation? Will the culprits behind these bad mortgages ever be named?

Fannie Mae? Freddie Mac? Are they behind it? Will we ever find out? And are they still continuing to offer more potentially bad mortgages?

Google "no down mortgage" and see how many companies are still offering these loans. If the boat is taking on water, shouldn't you be plugging the leak instead of just more bailing?
braveheart

Weaubleau, MO

#13 Nov 24, 2008
Citigroup to get $306 Billion Bailout
>>>>>>> >>>>>>> >>>>>>> >>>>>>> >>>>>>> >
The public now owns $306 Billion dollars worth of Citigroup?????
canayo

Québec, Canada

#14 Nov 24, 2008
braveheart wrote:
Citigroup to get $306 Billion Bailout
>>>>>>> >>>>>>> >>>>>>> >>>>>>> >>>>>>> >
The public now owns $306 Billion dollars worth of Citigroup?????
yes and when the government start owning the banks, we call this "socialism" soon to be communism if they don't get their sh1t together.

Tell me if I'm wrong but I think that the largest investors and "owners"of citigroup are the Saudis king and his familly, don't they have enough money to bail out their own stuff ?

Since: May 08

Marrero, Louisiana

#15 Nov 24, 2008
Funny I thought the government was broke.
winningside

Davisboro, GA

#24 Nov 24, 2008
here we go, down the slippy slop, for the Democrats did this to us, the had there hands in the till, and they still have there hands in the till, like Nancey polsey, Chris Dodd, Barney Frank, Joe Biden, Kenndy, And we are going down even futher, all because the Democrats are spenders, they like there big houses, and boats, and vacations, and there gold, and they like us to be kept in the foreigners back pocket, there putting us in danger, but the American people are to lazy to speak up. it's all the Republicans fault, Wake up people, The Democrats are incontrol of the Money, Look at Chris Dodd, Barney Frank,

Since: May 08

United States

#28 Nov 24, 2008
Mothra wrote:
"The federal government rushed to the aid of faltering banking giant Citigroup Inc. late Sunday night, agreeing to invest $20 billion more and accept the lion's share of losses on more than $300 billion worth of the firm's troubled mortgage-backed assets."
http://www.latimes.com/business/la-fi-citi24-...
Once again we see that risky mortgages are behind this bailout. When we find out who created this situation? Will the culprits behind these bad mortgages ever be named?
Fannie Mae? Freddie Mac? Are they behind it? Will we ever find out? And are they still continuing to offer more potentially bad mortgages?
Google "no down mortgage" and see how many companies are still offering these loans. If the boat is taking on water, shouldn't you be plugging the leak instead of just more bailing?
This is one of the best articles I've come across, and I've read a lot of them. If you're interested:

http://theeprovocateur.blogspot.com/2008/09/u...
Thinking about it

Claremore, OK

#29 Nov 24, 2008
We need some inspiring individual to rally the people and have a million man march on Washington and bring our own lawyers and some judge; preferably a decendant of Roy Bean, set up court and deal with these treasonist Bastards.
I know thier treasonists because they scoff at the people on a daily basis.
Pure Marketer

United States

#30 Nov 24, 2008
Do not bailout Wall Street and do not bailout Main Street either.
Let the markets fall where they fall due to economic cycles. Leave business alone to their success or folly.
Palin is NUTS

United States

#31 Nov 24, 2008
This is getting out of control.. I we as Americans do not all standup and say no more. we can all KISS this country GOODBYE

We should all stop buying anything thats truly not needed to stay alive..

America is heading to be 100% SOLCIALLIST county. you will wake up one day and your government will be telling you what job your going to do, where your going to live. We better wake the hell up.

Since: Jul 07

Montreal

#32 Nov 24, 2008
Bleeding Heart wrote:
<quoted text>
This is one of the best articles I've come across, and I've read a lot of them. If you're interested:
http://theeprovocateur.blogspot.com/2008/09/u...
very good article
Heinrich Himler

United States

#33 Nov 24, 2008
Palin is NUTS wrote:
This is getting out of control.. I we as Americans do not all standup and say no more. we can all KISS this country GOODBYE
We should all stop buying anything thats truly not needed to stay alive..
America is heading to be 100% SOLCIALLIST county. you will wake up one day and your government will be telling you what job your going to do, where your going to live. We better wake the hell up.
I prefer a Fascist America.
We can return it back to White Americans.
Viva Christo Rey

Benicarló, Spain

#34 Nov 24, 2008
the bailout is taxpayers money so tell those ceos there fired......
Viva Christo Rey

Benicarló, Spain

#35 Nov 24, 2008
and they said the terrorists where Al Queda,looks like its wall street,and there international banker buddies.......

“If The Shoe Fits”

Since: Feb 08

Medina, Ohio

#36 Nov 24, 2008
Of course the guys at the top will stay. They will receive their hefty bonuses and continue to drive CitiCorp into the mud. There should be people going to prison over these messes. Businessmen as well as politicians.
Viva Christo Rey

Benicarló, Spain

#37 Nov 24, 2008
Shoe wrote:
Of course the guys at the top will stay. They will receive their hefty bonuses and continue to drive CitiCorp into the mud. There should be people going to prison over these messes. Businessmen as well as politicians.
they only send joe six pack to jail for smokeing alittle weed......
Tngz

Québec, Canada

#38 Nov 24, 2008
That is a huge amount. A hypothetical world government can use that in more economical reasons to build basic productive structures to sustain life of billions persons. The bail-out looks like part of traditional world financial oligarchies to preserve their interests with more promised bail-outs to counter against mounting competitional waves of financing poles in other `emerging` countries. Where will the crisis end .

Government practices should undergo procedural checks of validity and accountability within other institutions of democracy, which should be able to implement consistent policies to ensure individual and family citizens` economic fundemental safety and an equalitarian, impartial market economy.

The bank should be temporarily nationalized with clear objectives and schedules to turn it back to a more capital-democratized private sector to protect account owners to a certain limit until situation rebecomes normal with adequate re-rationalizations of the capitalist system if the system is proved still viable with adequate and reliable data,-which so appears with visible capacity of the USA society to explore other planets for additional resources.

But at least common sense of civism should prevail first, against possible minarchist schemes which might come up from the circles of `world leaders` to overcontrol civil societies and their economics toward `hard crisis`.
Peter

Winchester, OH

#39 Nov 24, 2008
You better hurry up Exxon, Walmart, and Microsoft for your bailout before all the tax payer's money is gone for the next 100 years.

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