Article

2009-03-20 Home Front Economy

Citigroup May Spend $10 Million for Executive Suite

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Posted by Fred 2009-03-20 00:00|| || Front Page|| [1 views ] Top

#1 Tax (bailout) money at work again on Park Avenue, yet Citibank keeps overcharging customers with loan sharking type interest rates. What a racket.

Posted by Mark Espinola 2009-03-20 01:17|| 2009-03-20 01:17|| Front Page Top

#2 What is it about the financial industry that makes them so oblivious? Do they really not see how things like this look or do they just not care?

Posted by Formerly Dan 2009-03-20 06:54|| 2009-03-20 06:54|| Front Page Top

#3 When you're dealing with billions every day, what's a few million for office decoration?

Posted by ed 2009-03-20 08:04|| 2009-03-20 08:04|| Front Page Top

#4 People who have no concept of how the other 95% live. You know the one's you're sticking the bill to, along with their children and grandchildren. Someone needs to point out, really hard, that no one had a manual on building a country from the ground up, but a team of people who make a hell a of a lot less then these 'captains of industry' did it. You are replaceable. Force the 'troubled' banks into Chapter 11 receivership and get people who are beyond ego and self aggrandizement into the positions, yesterday.

Posted by Procopius2k 2009-03-20 08:54|| 2009-03-20 08:54|| Front Page Top

#5 This is another example of the entitlement mentality that has affected so much of society. When all risk is socialized there is no need to deny yourself anything.

These banks should have had much clearer and stricter rules about what they were responsible for (aka reserves) and if they blew it. Too bad, you are now banrupt.

But, Fannie and Freddie and now Congress has removed any penalty for incompetence and theft for so long that there is no clue to be found.

Posted by AlanC 2009-03-20 10:18|| 2009-03-20 10:18|| Front Page Top

#6 Oh, good, a shovel-ready project of the kind President Obama is so fond. How generous of Citigroup to stimulate the local economy instead of paying out bonuses.

Posted by trailing wife">trailing wife 2009-03-20 10:25|| 2009-03-20 10:25|| Front Page Top

#7 Cut off bailouts and let them go broke.

Posted by DarthVader 2009-03-20 10:28|| 2009-03-20 10:28|| Front Page Top

#8 Well, at least I don't have to pay for it. That's the government's job now. For full disclosure purposes, I confess that I am a Citigroup stockholder and I don't make over $250,000.

Posted by Richard of Oregon 2009-03-20 15:12|| 2009-03-20 15:12|| Front Page Top

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