Citigroup had its original birth with Sanford Weil buying degenerate, bottom-feeding subprime companies in the South that preyed on the poor and illiterate. Far as I can see, they’re still the same old girl they used to be. Now their management is begging Uncle Sam for more help while trying to maintain their power? Screw them.
Bob Dobbs sums it up nicely in the comments at Calculated Risk
To expect these guys to show any shame is like expecting a dung beetle to take up knitting. They’ll keep wheedling and dealing and trying to control the situation until the gov’t puts a bullet through Citi’s head, nationalizes it, and breaks it up. Do it now instead of six months down the line, when even more money has been wasted on these cons.
