Shittygroup
The boss of Citigroup, the biggest bank in the world, has resigned due to massive losses as a result of the sub-prime mortgage collapse (just one of our many economic problems).
His replacement has already been named. Guess who it is?! Go ahead, guess, guess?!
Give up?
Robert Rubin, former Secretary of the Treasury under President Clinton.
Why did Citigroup pick him to be their new boss? Why, because he'll be able to use his ties in government to do what banks and corporations always do when their unsustainable policies finally catch up with them and Capitalism is in trouble: Get the American taxpayer to foot the bill, with the Governments blessing, of course.
See, government economic policies dating back to Ronald Reagan have allowed the corporations and banks to get us into this mess. The Government basically handed the keys to a drunken maniac, so after the crash, said maniac has come running back to the government for help. It's a vicious cycle. It's the reason many say we live in a corporate socialist system (Socialism for the rich), but I think that's what Capitalism has always been. It was a way to spread the power out to even more elites than the feudal systems it originally replaced, but make no mistake about it, it was designed to still keep elites in power. Now, those elites are going to be helping one another out, while hard working poor Americans will continue to lose their homes over this mess.
God Bless America!
His replacement has already been named. Guess who it is?! Go ahead, guess, guess?!
Give up?
Robert Rubin, former Secretary of the Treasury under President Clinton.
Why did Citigroup pick him to be their new boss? Why, because he'll be able to use his ties in government to do what banks and corporations always do when their unsustainable policies finally catch up with them and Capitalism is in trouble: Get the American taxpayer to foot the bill, with the Governments blessing, of course.
See, government economic policies dating back to Ronald Reagan have allowed the corporations and banks to get us into this mess. The Government basically handed the keys to a drunken maniac, so after the crash, said maniac has come running back to the government for help. It's a vicious cycle. It's the reason many say we live in a corporate socialist system (Socialism for the rich), but I think that's what Capitalism has always been. It was a way to spread the power out to even more elites than the feudal systems it originally replaced, but make no mistake about it, it was designed to still keep elites in power. Now, those elites are going to be helping one another out, while hard working poor Americans will continue to lose their homes over this mess.
God Bless America!