Should The American People Be On The Hook To Bail Out Citigroup?
Citigroup is going to fire a bunch of people, but it's looking like their executives will soon be up on Capitol Hill with their tin cups in hand, begging for some of the 700 billion bailout money that Hank Paulson has to play with. I say before they get a dime someone needs to ask how many struggling mortgage holders, credit card holders, and student loan customers they have ever given a break?
I doubt they have any that they have not destroyed their credit or harassed with collection calls first. I say too bad! Let them sell off pieces of their business, let them re-structure their business, or let them go under. What's good for the goose is good for the gander.
