Cityfile: New York's Most Notable and Influential

A Rescue for Citigroup
November 24, 2008 at 11:02am
Unlike the auto bailout, this bailout doesn't allow us to keep jobs or generate commerce plus, they were not adversely affected by the economic crisis. They caused it. After already giving them $25 billion, they are still foreclosing on our homes, charging us loan shark rates on our credit cards, and refusing to loan money to business resulting in more lost jobs and no commerce whatsoever. We should first demand a management change and a plan. What is to guarantee that, after we bail them out, they don't just go out and do the same things that got them to this point all over again only to have us left holding a lot of worthless stock. Get rid of those corporate jets and the high salaries and bonuses. Otherwise this is just more money after bad. http://ewebsmith.com/gov/BankBailOut.html