Anarchy In His Own Words: Citigroup CEO Vikram Pandit on Charlie Rose Explains How Treasury Capital IS Citigroup Capital

One of the head Illuminati crooks who have destroyed our economy by lying to everybody about their assets and earnings for years, Vikram Pandit, the CEO of the largest new welfare institution in the country, Citigroup, was on Charlie Rose last night.

I don't know why Charlie Rose was so nice to this guy who just took billions of dollars in welfare for his rich shareholders and their lenders.  Peter Barnes and David Asman and I last night were trying to figure out under what provision or law or rule this latest $20 billion infusion into Citigroup was done under.  Treasury told Peter that they hadn't published the provision yet.

Guys, what's the definition of anarchy?   How about this one: "a state of lawlessness or disorder due to the absence or denial of an established authority."

Our "government" (if that's what it can still be called), just doled out more welfare than half the total budget for food stamps for hungry people in this country for 2008 to just one company , in one weekend, under a law that's not even written yet.

You guys know I've been sounding the alarms about this corruption, cronyism and horrible redistribution of wealth upwards that the Socialist Republicans/Democrats in this country are putting over on us right now.  I've been rightly scared about what it means for our economy and society when we try to contain the trillions of dollars of losses that irresponsible companies and individuals have created for themselves by spreading those trillions of dollars in losses to all the people and all the companies who were responsible and trust-worthy.

Correct me if I'm wrong, but we're now being led by anarchists who don't even care if they are following any laws, Constitutional or not.  I'm terrified of anarchy.  I don't want the government to do much.  But I do want a government to protect the rule of law.

This Democrat/Republican government does exactly the opposite.   It destroys the rule of law.

Want proof of the blurred lines between the richest bankers in the world and the guys who were and are supposed to be regulating them...using LAWS?  Here's a quote straight from the crook Vikram's mouth on  television (public television...yeah, Vikram used welfare money to broadcast his explanation of why his company has taken in hundreds of billions of dollars of welfare this year so far) last night (italics are mine):

Vikram Pandit:

"That’s important. And we also put in another 20 billion of capital, and we are delighted. It’s great to have access to that capital. That in our view more than covers issues that might come up against the assets that we own and the loans that we’ve made going forward. So we’re extremely confident in both the earnings capacity of the company and our ability to manage —"

Who is the "we" in that paragraph?!

"We also put in another $20 billion of capital..."   Does it seem to you guys that Vikram now sees the Treasury and Federal Reserve capital (you know...the taxpayer's capital...YOUR capital) as one and same as Citigroup's?

Guys, your Republican/Democrat government has taken us along ways away from any semblance of law.  I'm not even getting started on how unconstitutional the laws they've created but aren't following any more are. I'd be happy at this point with just some respect of any rule of law!

Markets hate uncertainty.  Certainty comes with rule of law.  Anarchy is scary.  And fear doesn't build confidence.

I'm scared. I'm sick to my stomach over what's happening so fast and to such huge magnitude with such huge dollar amounts going into the public sector and being politicized.  When will profits ever matter again?  Will they?

It's going to take a few years now to fix what's been destroyed.  The downturn won't end until we punish those who lost all this money.  And we reward those who didn't.  That's what was supposed to happen under the rule of law that we had in this country until October 3, 2008.

Now I don't know what we have.  Be careful out there for the next year or two.  We might find some good individual names and opportunities to buy.  And if your time horizon is five or ten years or more, it's better to be a buyer right now than a seller.   But anarchy's going to be anarchy on our markets until we get back control from these corrupt politicians and their cronies.

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