iBankCoin
Joined Nov 11, 2007
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Citigroup Shows Higher Profits With the Taxpayers Help; Bogus Accounting Allows for Loan Loss Easing

When are we going to let these banks stand on their own two feet ?

In the real world people and business’s go bankrupt no ?

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One comment

  1. surplusdroids

    Only if you are a small operation. For instance if you took some risk and opened up a small business.

    Large, massively inefficient, slow moving, corporate conglomerates are allowed to stay. Especially if they can borrow taxpayer money from the fed window at 0% and loan it back to the taxpayer at 3%-7%.

    Obviously the taxpayer has to learn how to:
    1.) Pay MORE money to support a giant corporate entity.
    2.) Get charged MORE money for borrowing the same money from said corporate entity.

    The beatings will continue until morale improves.

    /sarcasm.

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