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Citigroup play their bankers' hand and endorse Cut, Cap & Balance

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Vicar In A Tutu Donating Member (298 posts) Send PM | Profile | Ignore Mon Jul-25-11 02:57 PM
Original message
Citigroup play their bankers' hand and endorse Cut, Cap & Balance
So...the measure which would really make the shit hit the fan is one which would help the country retain its AAA credit rating in the eyes of in-no-way-disgustingly-greedy bankers. Draw whatever conclusion you like from that.


http://www.politico.com/news/stories/0711/59837.html
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Dawson Leery Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-25-11 02:59 PM
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1. Citigroup and company are no one to speak about being over leveraged.
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southerncrone Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-25-11 03:01 PM
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2. Well, bowl me over.
:hangover: :sarcasm:
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Raine1967 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-25-11 03:06 PM
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3. CC&B died in the senate last week.
Are they really endorsing a dead deal?

Seems pretty stupid even for the banksters, no? Am I missing something here?
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Vicar In A Tutu Donating Member (298 posts) Send PM | Profile | Ignore Mon Jul-25-11 03:30 PM
Response to Reply #3
5. They didn't overtly say "We endorse this!" but...
Edited on Mon Jul-25-11 03:30 PM by Vicar In A Tutu
pulled a silly little chart out of their ass which stated that the US would lose its AAA rating under any proposed bill but that or Gangreen Of Six.
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autorank Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-25-11 03:17 PM
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4. Seriously, Why would ayone believe Standard 7 Poor's
Edited on Mon Jul-25-11 03:19 PM by autorank
let alone CitiGroup. The financial powerhouses are a Confederacy of Dunces!

http://economicpopulist.org/content/decline-and-fall-wh...
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