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RiverLover

(7,830 posts)
Tue Dec 16, 2014, 12:45 PM Dec 2014

Elizabeth Warren was right: The links between Citigroup and government run deep

Elizabeth Warren was right: The links between Citigroup and government run deep
12/16/14



Washington's version of Six Degrees of Kevin Bacon is much less exciting than everybody else's. It's called One Degree of Citigroup, and it's not much of a game since so many economic policymakers has worked at the banking behemoth.

It's exactly the point Elizabeth Warren made in a big speech last week, expressing anger with Citigroup and other big banks were able to weaken a key Wall Street regulation in the new government spending bill....


http://www.washingtonpost.com/blogs/wonkblog/wp/2014/12/16/elizabeth-warren-was-right-the-links-between-citigroup-and-government-run-deep/
13 replies = new reply since forum marked as read
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Elizabeth Warren was right: The links between Citigroup and government run deep (Original Post) RiverLover Dec 2014 OP
DC is a racket blkmusclmachine Dec 2014 #1
Citigroup was formed ILLEGALLY. Gramm-Leach-Bliley Act made it legal, EX POST FACTO Roland99 Dec 2014 #2
K&R.... daleanime Dec 2014 #3
K & R !!! WillyT Dec 2014 #4
If you did each one of the top ten banks like this you would see just how bad of an infestation Dustlawyer Dec 2014 #5
Yes ... 1StrongBlackMan Dec 2014 #6
Jerking the economy around polynomial Dec 2014 #7
Saudi Prince bin-Talal is a huge shareholder in Citi. closeupready Dec 2014 #9
As are other saudis grahamhgreen Dec 2014 #10
A Saudi Arabian owns half of Fox as well? And Saudis have ownership in Citigroup. RiverLover Dec 2014 #11
And 16 of the 19 9-11 hijackers were sauds grahamhgreen Dec 2014 #12
K&R. liberal_at_heart Dec 2014 #8
Geithner admitted Administration sacrificed Homeowners to ''Foam the Runway'' for Banks Octafish Dec 2014 #13

Roland99

(53,342 posts)
2. Citigroup was formed ILLEGALLY. Gramm-Leach-Bliley Act made it legal, EX POST FACTO
Tue Dec 16, 2014, 03:00 PM
Dec 2014

And guess who signed G-L-B while President? Slick Willie.

The Road to Thermo Global Banking Meltdown Was Paved On June 25, 1998
http://wallstreetonparade.com/2012/06/the-road-to-thermo-global-banking-meltdown-was-paved-on-june-25-1998/

Mr. Weill Goes To Washington
The politics and the impact of Sandy Weill's creation of Citigroup, the first full-service superbank, and the repeal of the Glass-Steagall Act that stood in his way.
http://www.pbs.org/wgbh/pages/frontline/shows/wallstreet/weill/

Dustlawyer

(10,495 posts)
5. If you did each one of the top ten banks like this you would see just how bad of an infestation
Tue Dec 16, 2014, 03:30 PM
Dec 2014

America has in its government! These pest are particularly bad, they eat up all of your money and are hard to exterminate since they are immune to our laws!

 

1StrongBlackMan

(31,849 posts)
6. Yes ...
Tue Dec 16, 2014, 03:38 PM
Dec 2014

Why do we have so many Bankers in government ... We need more plumbers/doctors/engineers regulating the banks!

polynomial

(750 posts)
7. Jerking the economy around
Tue Dec 16, 2014, 04:24 PM
Dec 2014

These banking guys seem to be building a modern version of a Pipeline to shove money through the system to each other 

It appears any new Jobs program is just a bunch of Du er’s bitching about the Weasel Willie era.

Perhaps Clinton should go around America asking for forgiveness. Yes being cynical here, didn’t think anyone could one up the Bush family in sacking the treasury. But something lurks in the background, are they friendly spirits just think about it.

Wait a second, anyone read Gerald Posners book “Secrets of the Kingdom”? The Arabs had an investment in Citigroup years ago and maybe now, just under the radar so as not to create alarms.

You mean the Arabs that famous family close friends to the Bush family already invaded America via the Stock-market and the real-estate market. Through scrubbed records way back when jerking the economy around while Congressional people were falling over each other taking bribes, Yep…

The Harvard foundation received millions of dollar in donations from the Bin Laden family. Is that like the inverse of Romney putting his money in the Cayman Islands to hide his money? No, but America had to shoot their renegade family member Osama Bin Laden. Maybe the Arabs will complement the Bush family on that. Oh they did it’s called 911.

Very cynical with all this mish mash about thieving tax money when will someone have the courage to make these political people disappear into the slammer…

 

closeupready

(29,503 posts)
9. Saudi Prince bin-Talal is a huge shareholder in Citi.
Tue Dec 16, 2014, 06:17 PM
Dec 2014

That's actually common knowledge. 6%, according to Wikipedia.

RiverLover

(7,830 posts)
11. A Saudi Arabian owns half of Fox as well? And Saudis have ownership in Citigroup.
Wed Dec 17, 2014, 07:10 AM
Dec 2014

And Citi basically controls our treasury.

And Fox basically controls the minds of 1/3 of the country.





Octafish

(55,745 posts)
13. Geithner admitted Administration sacrificed Homeowners to ''Foam the Runway'' for Banks
Wed Dec 17, 2014, 12:42 PM
Dec 2014
Neil Barofsky, the former special inspector general for the Troubled Asset Relief Program, has published a new book, “Bailout: An Inside Account of How Washington Abandoned Main Street While Rescuing Wall Street.” It presents a damning indictment of the Obama administration’s execution of the TARP program generally, and of HAMP in particular.

By delaying millions of foreclosures, HAMP gave bailed-out banks more time to absorb housing-related losses while other parts of Obama’s bailout plan repaired holes in the banks’ balance sheets. According to Barofsky, Treasury Secretary Tim Geithner even had a term for it. HAMP borrowers would “foam the runway” for the distressed banks looking for a safe landing. It is nice to know what Geithner really thinks of those Americans who were busy losing their homes in hard times.

CONTINUED w VIDEO and links and more letters...

http://washingtonexaminer.com/video-geithner-sacrificed-homeowners-to-foam-the-runway-for-the-banks/article/2502982
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