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Out of control FED bailing out Rich Arabs... email this discussion to a friend?

myLot reputation of 49/100. Destiny007 (4544)1 year ago

While the carmakers came to Washington with their hand out and came up empty, CitiCorp just got a cool $20 billion, with an additional $306 billion in loans to the company on the taxpayers tab. This is in addition to a previous $25 billion invested in the company by the Treasury Department

There were no hearings, and no discussions, this was done quietly and overnight with a press release issued after the fact.

The main beneficiary of this bailout is a Saudi prince, Alwaleed bin Talal, who is a nephew to Saudi King Abdullah.

First it was the Chinese who were benefitting, now it is rich Arabs.

Who is it going to be next?

What makes them more deserving than our own companies, and why should we be bailing out anyone?


What do you think?

 
 
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tags:  bailouts, arabs, taxpayer abuse, taxes, press release
 
1. myLot reputation of 95/100. twoey68 (9619)   1 year ago

Hey goat...isn't there supposed to be a link??? Too much candy is eating your memory LOL Love you

~~AT PEACE WITHIN~~

**STAND STRONG AND TRUST IN GOD**


myLot reputation of 49/100. Destiny007 (4544)  1 year ago

Here's the link...

http://www.aim.org/aim-column/fed-bails-out-rich-arabs-in-citigroup-deal/

I'll have you know it is not a case of too much sugar... more like not enough...

So there... lol

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