un-fucking-believeable
Citi Bank has already received $45 Billion in government bailout money.
Two weeks ago they lobbied the Obama administration to okay $130 Million in bonuses to a mere 2 individuals.
Now they’re saying that they’ll need another $44 Billion from the government in order to stay solvent…but they swear this is it! Well I would certainly fucking hope so…because I know, sure as shit, that if the government gave me almost $100 Billion dollars that I could probably run a business successfully.
Not punishing people/entities for bad behavior seems to be the modus operandi of the Obama administration, which means we just have more and more of this bullshit to look forward to in the future.
In the interest of fairness, the dude who gets the $100MM bonus had a signed contract with Citibank before any of “the shit” went down, and he made them TWO BILLION DOLLARS. He runs a standalone unit of Citibank, and netted them $1.9 BILLION. That’s $1.9 BILLION less that that stupidly incompetent company won’t have to take from the government. And if they don’t pay him? He could sue, though by all accounts he seems keenly aware of the difficulty of the situation, but he most certainly could go make his $2 BILLION for someone else.
Puh-lease.
That dude would be a fucking media rockstar if he came forward and refrained from taking that money. He’d be like those CEOs who take $1 salaries.
Or a BART worker or auto worker, who’s made actual sacrifices in salary and benefits due to the economy.
Oh yeah, except they don’t have a choice in the matter cause it’s sacrifice the benefits or sacrifice a job.
I’m a little confused by this, but by all accounts the last thing this dude wants is to be a media rock star. Even the inflammatory pieces I’ve read on the subject are careful to not cast aspersions on the dude. But even so, you gotta ask yourself why anyone who made a company two billion in cash should be expected to do much more for them.
How much is being a “media rock star” worth? Is it worth more or less than $100M?
