Out of control FED bailing out Rich Arabs...

United States
November 25, 2008 10:42am CST
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?
2 responses
lampar
@lampar (7584)
• United States
4 Aug 10
Unfortunately for you, it is called 'foreign aids' by congress, no matter they are rich Arab or wealthy Chinese. Call it whatever name you want, the fund help to alleviate local politicians social status in Saudi Arabia and China.
Destiny007
@Destiny007 (5805)
• United States
5 Aug 10
Congress had nothing to do with it genius. It was all the FED with no input from Congress or anyone else. Here da link .... http://www.aim.org/aim-column/fed-bails-out-rich-arabs-in-citigroup-deal/ Why you even waste time commenting on a 2 year old discussion anyhow?
twoey68
@twoey68 (13627)
• United States
25 Nov 08
Hey goat...isn't there supposed to be a link??? Too much candy is eating your memory LOL Love you [b]~~AT PEACE WITHIN~~ **STAND STRONG AND TRUST IN GOD**[/b]
Destiny007
@Destiny007 (5805)
• United States
25 Nov 08
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...