Citigroup: Vikram, Prince and Their Stooges - A History of Utter Lies or Incompetence In Their Own Words

[...] incompetence if not for accounting fraud and lying to investors and lenders and regulators,” he says, pointing to lies, lies and more lies from Citibank CEO Vikram Pandit and his stooges. As Michael [...]

To Listening in Texas ! Great post, but you didn't take it far enough. If each TAXPAYING individuals portion of the 7.1 Trillion is 118,000 (plus or minus) remember that is only what the Fed collects in taxes from your earnings. It is not your earnings. What you need to do is add a step, and divide the 118K by your Federal Tax rate to show you how much you have to EARN to pay off just your portion of the debt. So, 118K divided by 9% is...........one million,three hundred and eleven thousand, one hundred and eleven dollars and ten cents. $1,311,111,10. That's just earnings to pay the debt, nothing else. Based on my age, years left in the work force and average earnings, my portion will go UNPAID. By a lot. Washington, you are killing us!

World socialism is here, running under the guise of a government controlled world finance system. Marx would be proud, unfortunately he's not around to see the calamity that is yet to come when capital stops feeding productive activity and growth goes negative, with no where on the planet to which anyone can flee.

Citi is moving more equity in the Philippines. Citibank Bhd and Standard Chartered Bank Malaysia Bhd, have more than enough capital to ensure liquidity. Citibank has purchased a portfolio of investments representing about $676 million in federal Low Income Housing Tax Credits (LIHTC) from Fannie Mae for cash. Citibank UAE on Sunday reassured its customers on deposits, saying all customer deposits at all its branches in the country are guaranteed there is more then enough capital here. People in San Antonio and across the country have already started to notice that Citi is raising interest rates on their credit cards. Bend over America O'bummer is coming.

Here we go again More cronies doling out more money to their cronies People are just plain stupid and letting them get by with it. I for one have pulled my money out of the bank. If people who disagreed with the bailouts started runs on the banks maybe these idiots in power would get the message

November 24 10:25 AM TaxPayer's Bail Out Rights Petition This is for All Of Us Tax Payer's! "HOPE" Program has not worked nor is it working!! Not For Us American Tax Payer's Pass it and let's get our Own..... "American Emergency Tax Payer's BAIL OUT MONEY"!!!!!!!! Enough is enough!!!! These Business's and their Co-Hourts, Sandrals, have already has been given Part of The $700 BILLION DOLLAR'S BAILOUT MONEY!!! Now 1 Business Corportation has been given and has received a $20 BILLION DOLLAR'S CASH BAIL OUT MONEY!! Not only have they gotten that $20 BILLION DOLLARS IN BAIL OUT MONEY, too keep them AFLOAT, only last week, 1 week ago today, were they firing about almost 60 THOUSANDS EMPLOYEE'S, also, they got their $700 BILLION AMERICAN TAX PAYER'S DOLLAR'S BAIL OUT MONEY'S, they used part of it apparently to BUY OUT WACHOVIA BANK. Then it seems to also turn out that their $300 something MILLION-BILLION FOREIGN Investor MONEY!!!!!!!! Now their in Financial Melt Down! Give us American's Legal Tax Payer's A BREAK!! Crooks! Sandrals! Theives! We all need to sign Petition Called: "THE REAL LEGAL AMERICAN'S EMERGENCY IMMEDIATE TAX FREE AMERICAN DOLLAR BAIL OUT"!! 1] Your Name: ___________________________________________________. 2] The Immediate Cash Dollar Amount: $ _______________________________. 3] Representatives Name & Party: ____________________________________. 4] Congressional Name & Party: _____________________________________. 5] Legislators Name & Party: ________________________________________. 6] State Representatives Name & Party: ________________________________. 7] Governor's Name & Party: ________________________________________. 8] State Congressional Name & Party: _________________________________. 1] 2] 3] 4] 5] 6] 7] 8] 9] 10] 11] 12] 13] 14] 15] 16] 17] 18] 19] 20] 21] 22] 23] 24] 25] 26] 27] 28] 29] 30] 31] 32] 33] 34] 35] 36] 37] 38] 39] 40] 41] 42] 43] 44] 45] 46] 47] 48] 49] 50] 51] 52] 53] 54] 55] 56] 57] 58] 59] 60] ETC. This is for real not a joke. Serious Measures demanded for serious times. Financial, United States of America's, Urgent Economy. Stand Up for your Civil Financial Rights! Take a Civil Financial Moral STAND!! Do not thru up your hands up in the air and say: "What can we do? Who will listen to our Pleads? No one will really listen, nor do they. Who Cares about US? We'd be called terrible names, and they will investigate us for Speaking Out and Demanding for What is Right and Morally Decedent thing to do for us all, that have and are Suffering with these Economic Financial Crisis! " We Americans have given Our Money Too Charities, to Foreign Entities and Do Not Receive, nor Have We Ever Received it back. They WANT WANT, WANT, WANT, GET, GET, GET, and GET!! We have Rights. Talk is Way Inflated. I Don't Sell My Soul. Nor, should, anyone. So, Show Me Our American Dollar's!! Talking Now & Promising is Cheap. Consensus that Stimulus is Enough to Jolt This Economy. Talk the Talk, Walk the Walk. Bi-Partisan? My, (^*~*^). Who’s Sold US American's OUT. Running with one's tale between your balls and up your (^*~*^). All, Genders. Keep American Worker's and American Businesses Here For Americans By AMERICANS!! No More FOREIGN CHARITIES WITH OUR AMERICAN DOLLARS!! TAKE A STAND. It's not, the 1st nor the last. Tax Payer's Bail Out For AMERICAN'S!!! TaxPayersBailOut2@live.com __

This last 3 months have been surreal... Whatever. I give up. Let the gov do what it wants; we don't matter anyways. Except in (early) November every 2-4-6 years.

It's refreshing to read an informed journalist's thoughts on this insurance swapping crime with the financial businesses.

I'll tell you this, I don't want to hear one person claim this country is the best in the world. It's a joke, a mere reflection of the Old World that our Founding Fathers fought to free themselves from. Everything they fought and died for is long gone, a distant memory perhaps faintly viewed when studying the 1940s. We are owned by foreigners, our companies outsource everything to foreign nations due to free trade agreements that even Hamilton would have choked at, and -- the best part -- we are bailing them out. Welcome to the crony socialist nation that is America.

OMG they lied to us? Being from Mena Arkansas (remember the Contras) If we only had knowledge of the truth there would be knowone left to run the government.

The Government just made sure in the last few months that the American people will never be free of debt no matter what. They also just sold our very freedom down the tube. Good Luck y'all Keep the powder dry and push rod straight.

Hey Cody, LOVED your commentary today on FBN! THANKS so much for what you do! It's wonderful to hear a voice of reason on the main stream media. THANK YOU THANK YOU THANK YOU! I'm also a fellow New Yorker who's going to be coming to the Bull and Bear and say hi sometime! Much love & stay sexy! Kari

Thanks for the disclosure of incompetence. These actions are the result of training, life experience and character; I don't want to believe that their intentions were entirely wrong though. I fault the business schools and professors that taught these people for the last 50 years to behave they way they do. Its obviously a flawed system that allows such people to control the economy. The first step to fix the problem is to get out this mode of denial. A first lesson we can learn is don't just keep sinking more money into something that doesn't work. Right now, the decision makers seem to be still comfortable to be in a reactionary mode. We need to be in a fix it mode.

So why don't we all just work for a bank? I wish some of our smart youth would apply there talents to engineering, medical, and manufacturing fields rather than all wanting to be a celebrity or investment banker.

I'm ONLY looking for a better understanding. period. I certainly need to learn not to negative sell people. Should be an easy out. Seems all the people I like ? never negative sell.

I think the premise of why you are upset Cody is that you simply don't want to be hustled. ALSO - of the entire FBN crowd ? you're probably the youngest. Lest that little hen they had in London covering for what's his name - the authentic european voice that helps the show along. But - you are closer to being ALIVE to pay for all of this. Perhaps that is part of the source of anger too.

I think you might be leaving out Citi's 'international' presence here Cody ! lay off here, hire down the road in the Phillipines. Let the US workers pay taxes for ? let's see - why is it we're allowing extortion to occur.

Savings and Loan part II

If citi is international ? need I say more. I'm surprised the US has kept the nation state mindset model afloat. I don't think nuclear weapons justify persisting the model of nationalism. I just came across this odd factoid, 60% of oil drilled goes to gasoline. You wouldn't burn it in your living room. Why open the window to it. Yet ? With energy CLEARLY being the #1 resource in demand on this planet - in - well, let's just say in a dark crater on the moon it was recently found zero sunlight makes it - rendering minus 400 and lower temps. No energy - you freeze. No energy - you walk. Now, walking will keep you warm ! heh, but 30 below - it's energy or bust. Seems to me ? if oil drilled is 60% for gasoline ? MOST gasoline is about gravity. so, maybe that fits, gravity DOES trump climate, then air, water and food and the dollar. I guess the rest of the oil is for heating. 100+ years is far long enough to burn this stuff. Maybe we'll find out that the economic nightmares from citi are nothing compared to our children's pulmonary health. oh, and of course, let's not forget the unborn ? and hey - if we're going to focus on the unborn ? I think we really need to bring in the elderly too here. One can't go pro life and say to hell with the elderly. Yet ? where is that message ? or voice ? I sense phoniness.

People wake up, by buying stock and insisting on no dividends being paid out, does anyone realized the amount of taxes that will not be collected because dividends are not being paid out. The one thing that the goverenment openly taxes twice, they are killing off. What a bunch of geniuses. Reminds me of the yacht tax that cost more in unemploment than it took in.

Cody, with Citi getting this "baillout" they should and you should make this known, Citi should lower all its Credit Card rates it charges buy 3-5% insteand of raising the rates as they are (even to their best credit worthy customers. It is just like stealing. They are or were to help spending and help the economy recover. JUST A THOUGHT, ps SAW YOUR DAD THIS MORNING.

I pray every day for small signs of sanity, like say letting Detroit find its own way. Why not just stop the pretense and let helicopter Ben use the military's choppers and get on with it?

I began to wonder how the Government will treat all this "bad debt". I fear that no one in this country will ever be able to claim bankruptcy again. Think about it once they own the loans they will consider them simular to student loans... You can never excape death, taxes, and student loans. But this will not be the end because the govenrment will no longer need permission to access your credit history or have problems in collecting any money they think they are owed (until you can prove them wrong). And have we just witnessed the start of global government since all the banks they have helped out are global, this gives an open book for finical justice.

wow. this is insane. that is just really all i can say.

Cody, Lying doesn't even begin to describe what has occured at the bank. Being a former consultant with the bank the problem is a systemic one and one that comes from management. As we all sit home and get calls from credit card companies for a late payment, the bank took note of a Justin Timberlake song, "Cry me a River". At their operations center in Fort Lauderdale they remodeled the kitchen with brand new cabinets, granite counertops, etc... because upper management didn't believe that it was up to their standards. So now the government instead of directing that welfare money to something more important, Citigroup can now continue on not having control of the tangible assets and entitlements as they have in the past. I rather deal with the Italian mafia, at least you know they are stealing from you; they will tell you.