Tigers X - Number one Source to Talk Auburn Tigers Sports
The Library => The SGA => Topic started by: JohnDeere on November 25, 2008, 01:07:43 PM
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http://www.foxnews.com/politics/2008/11/25/symptoms-bailout-fatigue-begin-capitol-hill/ (http://www.foxnews.com/politics/2008/11/25/symptoms-bailout-fatigue-begin-capitol-hill/)
And for many in the public and on Capitol Hill, the most bothersome aspect has been the cavalier nature of spending after the companies have requested federal aid -- laid bare by AIG's $400,000 spa visits for its executives or the Detroit auto companies' CEOs' decisions to fly individually in their private jets to hearings in Washington last week.
Citigroup earned its own dubious distinction on Monday when it was revealed that the bank insists on maintaining a $400 million contract that grants the firm naming rights to the New York Mets' new baseball stadium. Maryland Democratic Rep. Elijah Cummings called Citigroup's decision "indefensible and "unacceptable."
"Surely if the company has the funds to paste its name to a recreational facility, it has the money to maintain its operations and keep the 52,000 jobs it announced last week it would be eliminating," Cummings said in a written statement.
He argued that his constituents "did not turn over their hard-earned wages to fund a baseball stadium in New York." And he warned the government that it should stop pouring money "into buckets with holes."
But not everyone is tired of the requests for federal aid.
"I think the plan for Citigroup is a good plan," said Sen. Chuck Schumer, D-N.Y. who is chairman of Congress' Joint Economic Committee. "It's unpleasant to do. But the alternative is a whole lot worse."
All I can say is, "WTF?"
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It's interesting that you should post on this topic; I heard about this Citigroup deal on Monday listening to "The Mike Gallagher Show" on teh am radios here in Atlanta. The Chairman of Citigroup was asked about this and his response was something to the effect of "...well...that was a separate deal in a separate time in which both parties are contractually obligated".
What a load of horse-shit! They ought to rename it "U. S. Taxpayer Field".
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hey, stfu, my mortgage is thru Citigroup. i'm hoping if i don't pay it for a few months maybe some of the money they will get from the government will bail me out. :sad:
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hey, stfu, my mortgage is thru Citigroup. i'm hoping if i don't pay it for a few months maybe some of the money they will get from the government will bail me out. :sad:
Hey...you stfu! Citi fucked up my mortgage several years ago which is why I'm with Countrywide now...oh snap!
Good luck getting some of that bailout money.
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hey, stfu, my mortgage is thru Citigroup. i'm hoping if i don't pay it for a few months maybe some of the money they will get from the government will bail me out. :sad:
That's a good plan. If I were you, I'd stop paying right now. That'll show 'em! :sneer:
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That's a good plan. If I were you, I'd stop paying right now. That'll show 'em! :sneer:
No one needs credit. :popcorn:
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No one needs credit. :popcorn:
Thanks "Dave 'cash-is-king' Ramsey".
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No one needs credit. :popcorn:
credit-shmedit!
i think that pisses me off most is there will be no accountability once the government absorbs all of these bad assets with this new consumer credit bullshit coming out. i was just listening to the analyst on Fox and it makes sense. do you think that when the government buys up these bad auto loans and shit, and then the debtors default, that they are going to be driving through neighborhoods repossessing cars? i don't think so.