Saturday, February 14, 2009

They're Not Even Trying To Cover Up Their Theft

The Bank Swindle: Putting it in Perspective

"The US government has given Citigroup $45 billion in direct cash injections while guaranteeing another $291 billion of the banks toxic (worthless) assets. Citi’s cost to the taxpayer now totals $336 billion.
Think you over paid? You did. The entire market capitalization of Citigroup is only $19 billion which means that anyone can buy the entire company and assume full control for $19 billion."

Despite billions in aid, U.S. banks want more help

"Even before word leaked out that Citigroup might split into pieces to shore up its finances, an unpleasant message was moving through Congress and Barack Obama's transition team: The banks need more money from U.S. taxpayers.
In all likelihood, a lot more money."

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