Shut’em down, take’em over. But stop giving them cash

And we just got fooled again. Today, we (and when I say we I mean the government, ergo taxpayers, ergo us) made another bonehead financial deal with the Bank-rupt CitiGroup. We didn’t necessarily give them anymore cash but about $25 billion we’ve already spent, we are taking in common share...

Pardon me for asking…

But what the hell is the point of the Obama Administration placing a “stress test” on banks?  Seriously now… Top advisers to President Obama, including the Treasury secretary, Timothy F. Geithner, have insisted repeatedly that they want to keep the major banks in “private hands” and have...

Dividing the Spoils

Um, Alison, I’m not sure if this is what John Quiggin meant when he said “Citigroup’s global operations are too big for the US to handle alone.” Still, your scoop does lend credence to the theory that modern capitalism was invented by pirates. Ahem. Related: For more on  Citigroup’s...